Quote from: digitalindustry on September 05, 2013, 05:59:46 AM

Quote from: Walking Glitch on September 05, 2013, 05:51:44 AM

Quote from: digitalindustry on September 05, 2013, 05:46:22 AM

Quote from: samfisher on September 05, 2013, 05:42:13 AM

People don't already know this?

You might be asmused, scared and entertained .

Anyone else want to add anything very relevant ?

Iran, Syria, and North Korea do not have Fractional reserve banks. Iran's bank is government controlled, it's basically a more flexible version of the U.S. Mint. I believe Syria is much the same. I don't think I need to describe North Korea's banking situation, do I?

That is very relevant , also I was thinking about where does say , oh , interest play a part ?

In Iran? I don't know for sure, but at least some of the loans are 0 interest development funds, used as a way to get more money into the economy to help it grow, rather than just printing it, and paying government workers with it.

With the smaller-bigger bank thing? The way I understand it the bigger banks loan money to the smaller banks (think credit unions and small local banks) at a low rate (like .8-1.2% interest) which they then loan out in addition to depositors funds in the form of credit cards and short term loans, stuff they can make money on quickly.