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
Robert Murphy wouldn't understand those posts!!!
ReplyDeleteHa! Lol Tom...
ReplyDelete'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!
ReplyDeleteA very good brief description for people new to the subject. I'll be linking this one when the subkect comes up in discussions.