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winterer Champion Author Alberta Posts:7,734 Points:1,028,955 Joined:Nov 2004	Message Posted: Jan 16, 2012 9:07:49 PM Ignore winterer Report Abuse have a look at this video by "Press for Truth" This is part of an independent media movement growing all over the world mostly in opposition to the captured by the Big Corporations Media. No hots dogs or Pizza advertisements . Discuss as you wish . try to keep it polite, [Edited by: winterer at 1/16/2012 9:10:03 PM EST]

winterer

Champion Author
Alberta

Posts:7,734
Points:1,028,955
Joined:Nov 2004

Message Posted: Jan 16, 2012 9:07:49 PM

Ignore winterer Report Abuse

have a look at this video by "Press for Truth"
This is part of an independent media movement growing all over the world mostly in opposition to the captured by the Big Corporations Media.
No hots dogs or Pizza advertisements .
Discuss as you wish . try to keep it polite,

[Edited by: winterer at 1/16/2012 9:10:03 PM EST]

REPLIES (newest first)Ignore Short Messages

ronaldo13 Sophomore Author Edmonton Posts:239 Points:4,880 Joined:Dec 2010	Message Posted: Jun 23, 2012 8:30:43 PM Ignore ronaldo13 Report Abuse winterer..................you asked in your post 22 Jan 2012 12:27:06 PM what % of depositers money can be loaned out by Chartered Banks........The answer is ZERO. Chartered Banks DO NOT loan out their depositers money, never have and never will. MadLaker..................you posted on 23 Jan 2012 9:06:23 "All Financial Institutions lend out more money than they have on deposit. But it is the reserve they need to have as defined by the Bank Act that is important". The Bank Act does not require a Canadian Chartered Bank to have ANY RESERVE. No Chartered Bank in Canada has one single penny defined as a reserve. [Edited by: ronaldo13 at 6/23/2012 8:33:10 PM EST]
Happyherman Champion Author Calgary Posts:19,100 Points:1,151,200 Joined:Apr 2002	Message Posted: Jun 19, 2012 3:12:09 PM Ignore Happyherman Report Abuse Better change banks herbie
herbiepopnecker Champion Author British Columbia Posts:13,742 Points:2,534,030 Joined:Sep 2005	Message Posted: Jun 18, 2012 9:13:07 PM Ignore herbiepopnecker Report Abuse RBC charges a percentage to deposit cash to our business account. No one seems to care they're devaluing the currency of the realm by 2.75% They love to put 5 day holds on large cheques. That can be done instantly, electronically but they want to grab a few days interest holding it in reserve. Like Google. Who could (and should) buy RBC with petty cash and flush it down the toilet. Screw them.
428cobrajet Champion Author British Columbia Posts:2,150 Points:467,505 Joined:Feb 2009	Message Posted: Jun 18, 2012 6:49:44 PM Ignore 428cobrajet Report Abuse TIME TO RETURN TO THE GOLD STANDARD CANADA!!
428cobrajet Champion Author British Columbia Posts:2,150 Points:467,505 Joined:Feb 2009	Message Posted: Jun 18, 2012 6:48:35 PM Ignore 428cobrajet Report Abuse T
428cobrajet Champion Author British Columbia Posts:2,150 Points:467,505 Joined:Feb 2009	Message Posted: Jun 18, 2012 6:48:34 PM Ignore 428cobrajet Report Abuse T
Happyherman Champion Author Calgary Posts:19,100 Points:1,151,200 Joined:Apr 2002	Message Posted: Jan 29, 2012 11:49:31 PM Ignore Happyherman Report Abuse I trust Canadian banks completely! But trusting them and agreeing with all that they do to nickel and dime for this and that are not the same thing. At least as a senior I am not charged fees by my bank. (HSBC) [Edited by: Mad Laker at 1/29/2012 11:50:53 PM EST]
winterer Champion Author Alberta Posts:7,734 Points:1,028,955 Joined:Nov 2004	Message Posted: Jan 26, 2012 1:32:32 AM Ignore winterer Report Abuse Why to trust banks ? . Banks
Happyherman Champion Author Calgary Posts:19,100 Points:1,151,200 Joined:Apr 2002	Message Posted: Jan 23, 2012 10:55:17 PM Ignore Happyherman Report Abuse All financial institutions lend out more money than they keep on deposit. But it is the reserves they need to have as defined by the banking act that is important. My Dad always told me that money wasn't any good in the bank. It's needs to be out working for ya. The banks and I are doing the same thing, "taking Dad's advice"!
rumbleseat Champion Author Winnipeg Posts:23,065 Points:3,550,080 Joined:Oct 2002	Message Posted: Jan 22, 2012 11:06:23 PM Ignore rumbleseat Report Abuse Credit Union deposits are guaranteed by the Credit Union Deposit Corporation in various provinces, the Credit Union Deposit Insurance Corporation in others, not the individual credit unions.
winterer Champion Author Alberta Posts:7,734 Points:1,028,955 Joined:Nov 2004	Message Posted: Jan 22, 2012 9:43:31 PM Ignore winterer Report Abuse a Bank can loan funds it doesn't have.
Smiles77 Champion Author Vancouver Posts:1,863 Points:150,680 Joined:Jan 2003	Message Posted: Jan 22, 2012 8:19:37 PM Ignore Smiles77 Report Abuse Bank deposits are covered by CDIC, credit unions may be covered by Provincial deposit insurance programs. So banks aren't covered by money out of thin air.
winterer Champion Author Alberta Posts:7,734 Points:1,028,955 Joined:Nov 2004	Message Posted: Jan 22, 2012 2:27:06 PM Ignore winterer Report Abuse I wish to thank all who decided to wade into this subject, perhaps the choice of highlighting independent media by the Vid on Banks was perhaps not what I expected as a introduction on independent Media, but ? A credit union has to insure the deposits deposited of any amount , where as the Banks are insured amounts are $100.000.oo . I am not sure if there are different statutes in place in other Provinces governing the action's of Credit unions. I am quoting B.C. and Alberta where I store my capital. Anyone know the Credit Union Act which dictate's what amount of deposits % can be loaned out vs what amount % a Chartered Bank can do ? In short a Bank can loan funds it doesn't have, whereas Credit unions have to have the funds on deposit, To my simplistic mind this is making money out of thin air. Winterer Who has considered storing his non-existent wealth in a old sick.
bad_driver98 Champion Author Edmonton Posts:9,937 Points:522,050 Joined:May 2007	Message Posted: Jan 22, 2012 11:39:39 AM Ignore bad_driver98 Report Abuse Young people must think us older folks are all idiots. If this simple plan would work do they not think we would have tried it? Is this not what happened in Wiemar Germany before 1933? The Government printed money, inflation went nuts and people lost savings and the Nazis came to power.
Happyherman Champion Author Calgary Posts:19,100 Points:1,151,200 Joined:Apr 2002	Message Posted: Jan 21, 2012 2:32:01 PM Ignore Happyherman Report Abuse Agreed rumble. Wonder how others will feel?
rumbleseat Champion Author Winnipeg Posts:23,065 Points:3,550,080 Joined:Oct 2002	Message Posted: Jan 19, 2012 7:24:19 AM Ignore rumbleseat Report Abuse I don't view that as an independent news source, rather as an independent source of opinion loosely based on cherry-picked "facts".
Happyherman Champion Author Calgary Posts:19,100 Points:1,151,200 Joined:Apr 2002	Message Posted: Jan 19, 2012 12:29:51 AM Ignore Happyherman Report Abuse So how do folks feel about this "independent" news source that has no idea of how an economy should and does function. Independence is all well and good however it must make some sense.
daver39 Champion Author Toledo Posts:8,321 Points:1,681,365 Joined:Jun 2003	Message Posted: Jan 18, 2012 8:47:26 AM Ignore daver39 Report Abuse yep
rumbleseat Champion Author Winnipeg Posts:23,065 Points:3,550,080 Joined:Oct 2002	Message Posted: Jan 18, 2012 1:47:07 AM Ignore rumbleseat Report Abuse As Mad says, simply printing more money solves nothing. Heck, we could print enough to pay off the national debt. Simple, hug? In actual fact, in the long term it would make things much worse. Regarding interest-free money out of thin air, the Bank of Canada has this in the FAQ. "Because doing so would reduce the value of our money, raise interest rates, and undermine the growth of the economy — the exact opposite of our goals. If the Bank were to print money to repay the national debt or to finance government programs, it would be adding greatly to the amount of money in circulation. This would encourage people to spend and borrow more, and the economy would receive a temporary boost. But overall demand for goods and services would grow faster than the economy's ability to produce, and this would inevitably lead to higher inflation."
Happyherman Champion Author Calgary Posts:19,100 Points:1,151,200 Joined:Apr 2002	Message Posted: Jan 17, 2012 7:27:46 PM Ignore Happyherman Report Abuse This is what I heard back from the economists I know and trust: Simply printing more money is not a solution to anything. Inflation is the worst thing that can happen to an economy. Also, with such a globally interdependent economy, it's not possible to withdraw in the manner the speakers describe. Any comments Gas Buds?
Happyherman Champion Author Calgary Posts:19,100 Points:1,151,200 Joined:Apr 2002	Message Posted: Jan 17, 2012 12:46:35 PM Ignore Happyherman Report Abuse There you go again rumble, the VOR, Voice Of Reason.
winterer Champion Author Alberta Posts:7,734 Points:1,028,955 Joined:Nov 2004	Message Posted: Jan 17, 2012 12:22:05 PM Ignore winterer Report Abuse Easy Rumble , from the same source as where the big Banks make their money, thin air. Winterer
rumbleseat Champion Author Winnipeg Posts:23,065 Points:3,550,080 Joined:Oct 2002	Message Posted: Jan 17, 2012 1:37:56 AM Ignore rumbleseat Report Abuse From COMER: "Through our publicly owned Bank of Canada, which was established in 1935, the federal government has the power to borrow money in huge quantities essentially interest-free" "For Canada, the direction we need to take is clear. We need to revive use of the creative powers of the Bank of Canada to provide abundant interest-free, debt-free money to meet public needs." Sounds wonderful, almost utopian but nowhere is it explained from whom this virtually interest-free money can be borrowed. Does anybody here know where billions of dollars are sitting waiting to be borrowed interest free? Is that not a rather important detail?
Happyherman Champion Author Calgary Posts:19,100 Points:1,151,200 Joined:Apr 2002	Message Posted: Jan 16, 2012 10:48:13 PM Ignore Happyherman Report Abuse Hey there winterer, I sent the link for this off to some of the folks I know to learn a little more before I comment. Just not sure what to make of this one.
winterer Champion Author Alberta Posts:7,734 Points:1,028,955 Joined:Nov 2004	Message Posted: Jan 16, 2012 9:08:37 PM Ignore winterer Report Abuse Reclaiming the Bank of Canada