Friday, March 29, 2013

BILL3 — How Banking Actually Works In Fiat World, Part 2


Follow on to this post which was cited at MNE here. Clear description of how reserves function in the payments system.

I hope Robert Murphy reads these posts before the debate with Warren.

Daily Paul

How Banking Actually Works In Fiat World, Part 2
BILL3

3 comments:

Ralph Musgrave said...

Robert Murphy wouldn't understand those posts!!!

Matt Franko said...

Ha! Lol Tom...

'Daily Paul' where the tagline is:

'Peace, Gold, Love' lol!

And they have the 'Au' in different colors!

These gold sellers will go to any ends!

And all the 'prepper' ads!

Now THIS is funny!

Ben Johannson said...


A very good brief description for people new to the subject. I'll be linking this one when the subkect comes up in discussions.