| Subject: | Re: [socialcredit] monetary =?utf-8?B?InJlZm9ybSI=?= confusion | | Date: | Wednesday, June 13, 2007 08:47:30 (+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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In this scheme, reserves would be matched with both loans and deposits, on a
one-for-one basis. And necessarily so, since all bank loans imply deposits.
JH
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