Archived posting to the
Leica Users Group, 2012/05/11
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Subject: [Leica] THANK YOU Phil we MUST change
From: lew1716 at gmail.com (Lew Schwartz)
Date: Fri, 11 May 2012 08:46:56 -0400
References: <2226427.1336698669720.JavaMail.root@elwamui-mouette.atl.sa.earthlink.net> <CBD1EAF8.141FD%chris@chriscrawfordphoto.com> <20120510223548.685dc9ad@linux-pfy5.site> <B95ADF47-71D0-4272-A668-FB8FF745BA8F@teleport.com> <99F3E0D3-E939-4A47-8DA4-220C1A67E610@btinternet.com>
It's actually much worse. When you take out a mortgage, your bank needn't
take money from anyone. The Fed just issues it as long as assurances and
reserves (<10%) are met. That's how the economy "grows."
On Fri, May 11, 2012 at 4:16 AM, Frank Dernie
<Frank.Dernie at btinternet.com>wrote:
> So we end up in a system where a banker, who takes money which one
> individual has, but is not using, and makes it available to another
> individual who has no money but needs some for something.
--
-Lew S.
In reply to:
Message from wildlightphoto at earthlink.net (Doug Herr) ([Leica] Leica Monochrome)
Message from chris at chriscrawfordphoto.com (Chris Crawford) ([Leica] Leica Monochrome)
Message from photo.forrest at earthlink.net (Phil Forrest) ([Leica] Leica Monochrome)
Message from mak at teleport.com (Mark Kronquist) ([Leica] THANK YOU Phil we MUST change)
Message from Frank.Dernie at btinternet.com (Frank Dernie) ([Leica] THANK YOU Phil we MUST change)