tag:blogger.com,1999:blog-7225373.post4671858264238670991..comments2024-02-29T03:34:23.190-05:00Comments on Who Were the Sea Peoples?: 100%-Reserve Banking Is Available Now!gcallahhttp://www.blogger.com/profile/10065877215969589482noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7225373.post-41461871484225471682012-07-17T08:12:31.360-04:002012-07-17T08:12:31.360-04:00Correct. There are many advantages to letting bank...Correct. There are many advantages to letting banks lend out your money: for instance, they give you all of these services!<br /><br />Of course, if there were any demand for it, they could give you those services for the money in your safety deposit box too: you'd just pay through the nose.<br /><br />That's why customers prefer fractional reserve banking!gcallahhttps://www.blogger.com/profile/10065877215969589482noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-54409388427899652762012-07-17T06:05:58.818-04:002012-07-17T06:05:58.818-04:00I'll bite. You can't write checks, get a ...I'll bite. You can't write checks, get a debit card or do money transfers if your money is in a safety deposit box but you could if it were in a 100% reserve backed checking account. Or am I missing something?<br /><br />SenyorUnknownhttps://www.blogger.com/profile/14872831543984829367noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-34123612376084340632012-07-17T06:02:01.195-04:002012-07-17T06:02:01.195-04:00"NOTE: By the way, I yanked the post previous..."NOTE: By the way, I yanked the post previous to this one because I realized I didn't have the stomach for the follow-up s&*t storm right at the moment."<br /><br />That is unfortunate. I really thought I managed to write a funny comment. :)skylienhttps://www.blogger.com/profile/08160738385436843080noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-35692466668750402312012-07-17T05:53:06.202-04:002012-07-17T05:53:06.202-04:00They obviously mean in a free market of competing ...They obviously mean in a free market of competing currencies, not in a system like we have now.skylienhttps://www.blogger.com/profile/08160738385436843080noreply@blogger.com