Quote from: P2PECS on Today at 04:00:03 PM

Quote from: BADecker on Today at 03:29:43 PM

P2PECS, a perfect example of somebody who doesn't what to know how it works.

I do understand it, and that's why I don't believe what you say. We are in a forum that was born in good measure against the banking system. Just as this that I just said is true, what you say mixes truth and falsehood and some statements are outright lies.

General statements about lies are simply blab. You are just like millions of Americans who don't see what's really going on. Or you are a banker who has been brainwashed. No problem. Having faith is a good thing. Believe what you want to believe.

Tom Schauf, the UCC, and the banker's manuals show what is really going on. "Two Faces of Debt" stumbles through the things we disagree on. It seems to say that both things are happening. Tom simply puts it into chronological perspective, which the pamphlet doesn't... very well.

"Modern Money Mechanics" is harder to read. You have to sit down and think it through. But both of these Federal Reserve Bank money manuals state what I have been saying, right out in the open.

Quote from: P2PECS on Today at 04:00:03 PM

Quote from: BADecker on Today at 03:29:43 PM

Actually, it's happening right now. Lots of people default on so-called loans. It doesn't hurt the bank at all.

You have no fucking clue.

https://www.bankrate.com/banking/list-of-failed-banks/

Quote

Bank failures since 2009
Year    Total number of bank failures: 511
2022    0
2021    0
2020    4
2019    4
2018    0
2017    8
2016    5
2015    8
2014    18
2013    24
2012    51
2011    92
2010    157
2009    140

Banking has finally figured out a way to keep banks from failing. Between themselves, the government, and international entities, they simply have "loaned" enough new money into existence, that, since they are all tied under the Fed, there is no way a bank has to fail, except that it is part of a cover-up... to make it look good in the eyes of the local people. That isn't a failure, btw. That's simply damage control.

In other words, supporting things like Ukraine armament in the war, only exists as long as people believe that fiat has value. So, continue to believe the lies. But also look at the truth.

Cool