First Mining Gold

First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the U.S.A.

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Message: Re: When Debt is More Important Than People, The System Is Evil - Scout ...
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Icon president When Debt is More Important Than People, The System Is Evil
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scoutaz_2003
Feb 19, 2012 01:48AM

Excellent post Scout.

Makes me wonder; If I deposit $100. into a bank-1 savings account they, by the fractional rule can lend nine times that $100. to others. Hmmm. They could lend $100. to nine individuals to buy food, beer, clothes and real things ... but what if they lent (deposited) $100. to bank-2 thru bank-10 ??? which each could in turn lend/depost to nine other banks. WHOA ! My $100. could quickly become very big on paper. Sort of like the penny that doubles every day soon becomes an astonominal figure. I MUST be wrong and it couldn't work that way. RIGHT ?

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scoutaz_2003
Feb 23, 2012 09:16PM
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