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12-26-2017, 10:24 AM
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#11
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,500
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Quote:
Originally Posted by Jim in CT
Nebe, where do you suppose banks get money to make loans, so that people can get mortgages and open businesses? They are lending the depositors' money. If there are no depositors, the bank has no funds to make loans.
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Nebe, you just got schooled.
Since you're ignorant and insane I'll break this down for you. The reason the economy is in the tank is because the banks don't have money to loan business so they can hire people and pay higher wages.
If we give the banks money in the form of deposits the banks will be able to lower interest rates and give out tons of loans. If we give the banks a lot of money they will lower rates to zero and we will have unlimited growth.
Make that wrong.
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scottw 
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