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Originally Posted by mikey_the_redneck
They don't actually have the tiniest fraction of the total money loaned out in their reserves.....they are lending out money that they dont really have, and recieving our hard earned dollars back in interest payments.
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The video that you posted said that banks have about $4 billion in their reserves and they have issued about $1.5 trillion in debt. What the video (and you) seem to be proposing is that Canada issue this money themselves. This would require that Canada print and circulate $1.5 trillion. If that were ever done, Canadian currency would become so devalued that you would be blowing your nose with it. The Germans tried to do the same thing after WWI and it crippled their economy.
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You see, we can cut the middle man out like how it used to be.
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I am quite sure that things can never be like that again. The cost of living is far too high now to be able to go back to something like that.