Thanks. Your sentence insinuated (as well as) deposits, hence my query. John R.
>From: Timothy Carpenter <timbeau_hk@yahoo.co.uk> >Reply-To:
socialcredit@elistas.com >To: <socialcredit@elistas.com> >Subject: Re:
[socialcredit] Reply to Jessop addendum >Date: Wed, 04 May 2005 12:53:19 +0100 >
>Yes, John, > >Banks have a risk and securitised portfolio which they put to
their reserve, >not just vault cash. Land and securities are typical. > >Brgds
>Tim > > >On 3/5/05 9:22 pm, "John G Rawson" <johngrawson@hotmail.com> wrote:
> > > ANOTHER asset? John R. > >> >From: Timothy Carpenter
<timbeau_hk@yahoo.co.uk> >Reply-To: > >> socialcredit@elistas.com >To:
<socialcredit@elistas.com> >Subject:
Re: > >> [socialcredit] Reply to Jessop addendum >Date: Tue, 03 May 2005
08:13:04 > >> +0100 > >Dear John, > >Which is fine, because I never said that. >
>It could > >> be another asset that permits the bank to lend, depending on the
>conditions > >> in its banking license. In the UK and in many countries a
bank >uses a risk > >> and liquidity rated range of assets, higher risk and/or
>liquidity means > >> lower lending ratios against that asset. > >Tim > >On
2/5/05 10:33 pm, "John > >> G Rawson" <johngrawson@hotmail.com> wrote: > > > To
"butt in", deposits have > >> nothing to do with "allowing loans". Deposits are >
> bank liabilities. > > > > >> > John R. > >> >From: Timothy Carpenter
<timbeau_hk@yahoo.co.uk>
>Reply-To: > > >> >> socialcredit@elistas.com >To: <socialcredit@elistas.com> >Subject: Re: > > >> >> [socialcredit] Reply to Jessop addendum >Date: Mon, 02 May 2005 21:19:25 > > >> >> +0100 > >Dear Joe, > >My understanding is that, using your example, the > >> $1000 > >> deposit would permit >the bank, within its remit and licence, to > >> issue loans > >> of $5000 in total and >charge 5% on it. The depositor would > >> see 2.5% of > >> $1000. That $5000 does not >come from deposits, but is > >> created on paper. > >> Rarely are loans withdrawn as >legal tender so the > >> issue of vault cash seldom > >> comes into it, hence the >reserve ratios! > > >> >These days loans are weighted by
> >> risk, not just a %age, so a loan on a > >> house >is secured and allows more > >> lending, while a loan on a car is not > >> really >(could crash but will > >> depreciate) and has higher risk. > >Tim > > >> >On 2/5/05 4:31 pm, "Joe Thomson" > >> <thomsonhiyu@shaw.ca> wrote: > > > I > >> should add, before anyone gets the > >> impression that my previous reply to > >> > > Jessop is concentrating on the > >> sideline of 'interest', that the > >> important > > point to be taken is that > >> LOANS CREATE DEPOSITS. > > > > > >> Joe > > > >> > >> --------------------------------------------------------------------- > > > > >> >> You're subscribed to this list
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