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Offline speedy

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Keiser discussion on how banks create new money
« on: May 21, 2014, 09:14:15 PM »

Max Keiser just had a guest on who gave a great overview on how banks create new money for loans, and extinguish the money when the loan is repaid. It was at times uncannily like Bytemaster's original Bitshares video:

Skip to 15:00: http://rt.com/shows/keiser-report/159940-episode-max-keiser-603/

Then they made the point that this power to create new money needs to be done more transparently with greater limits, and with real collateral. I kept thinking "Bitshares X is the answer"

Offline xeroc

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Re: Keiser discussion on how banks create new money
« Reply #1 on: May 22, 2014, 06:00:05 AM »
+5%
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Offline CLains

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Re: Keiser discussion on how banks create new money
« Reply #2 on: May 22, 2014, 11:03:37 AM »
Now is the time to give them an eloquent call, send them a well-crafted email, etc. !
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Offline xeroc

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Re: Keiser discussion on how banks create new money
« Reply #3 on: May 22, 2014, 11:21:11 AM »
I am sure we can send some PTS-love to who ever joins force in writing a nice letter to that guy.
Sure we could also collaborate on that. Nice way to test "real-time padding" (tm)  :-)
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Offline Overthetop

Re: Keiser discussion on how banks create new money
« Reply #4 on: May 22, 2014, 11:37:19 AM »
Max Keiser just had a guest on who gave a great overview on how banks create new money for loans, and extinguish the money when the loan is repaid. It was at times uncannily like Bytemaster's original Bitshares video:

Skip to 15:00: http://rt.com/shows/keiser-report/159940-episode-max-keiser-603/

Then they made the point that this power to create new money needs to be done more transparently with greater limits, and with real collateral. I kept thinking "Bitshares X is the answer"

Yes, Bitshares will be the answer!
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