| Subject: | Re: [socialcredit] 100 percent reserve system | | Date: | Monday, May 18, 2009 19:29:43 (+0930) | | From: | John Hermann <hermann @............au>
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| In reply to: | Message 6740 (written by William Hugh McGunnigle) |
At 03:05 PM 18/05/2009, Bill McGunnigle wrote:
HI John
Thank you
for that clarification, but I still believe that the 100% reserve system
is still only a modification of the fractional reserve System,
Furthermore any reserve system must, by definition, be a modification of
the fractional reserve system.
Bill
McG
Strictly speaking, the "100% reserve system" advocated by
Hummel is not really a reserve system at all. That's because under
such a system the concept of reserves (as applied to a fractional reserve
system) no longer has any meaning.
John Hermann
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Re: 100 percent re
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