BitShares Forum

Main => General Discussion => Topic started by: speedy on May 21, 2014, 09:14:15 pm

Title: Keiser discussion on how banks create new money
Post by: speedy 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"
Title: Re: Keiser discussion on how banks create new money
Post by: xeroc on May 22, 2014, 06:00:05 am
+5%
Title: Re: Keiser discussion on how banks create new money
Post by: CLains 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. !
Title: Re: Keiser discussion on how banks create new money
Post by: xeroc 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)  :-)
Title: Re: Keiser discussion on how banks create new money
Post by: Overthetop 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!