| Subject: | Re: [socialcredit] monetary =?utf-8?B?InJlZm9ybSI=?= confusion | | Date: | Wednesday, June 13, 2007 08:54:23 (+0930) | | From: | John Hermann <hermann @............au>
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John G Rawson wrote:
John, are you going to match reserves with loans or deposits? They may (or
not) be equal but they could occur in different places, the lending banks or
those receiving deposits. Regards. John R.
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Everything I have just said is based on the premise that the business of
banking is about deposit-taking and credit creation, not on-lending. Putting
it slightly differently, on-lending (of pre-existing money) is the function
of non-depositories.
JH
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Re: [socialcredit]
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