OohPooPahDoo
Gold Member
- Thread starter
- #61
I could explain it in great detail. But I'm certainly not going to waste my time doing so just to prove to some twit on a messageboard that I can. Ron Paul has spent years understanding this subject and he is more than qualified to explain it. The videos on page one do a good job explaining it for the simpletons.
You should watch the videos if you have a genuine interest in the subject vs. trolling a messagboard.
It doesn't matter how long he's spent studying it, he can study all he wants, it won't change the fact that deflation benefits the upper class and harms the lower class.
Nor will it change the fact that without fractional reserve banking, banks couldn't even loan out the deposits of checking account holders - which means they can't make money off your money - which means they will have to charge you up the butt for you to store your money in their vaults, as that's all you'd be doing without fractional reserve banking.