

why me
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I like this guy too. He's from the same 'depression coming' community http://uk.youtube.com/watch?v=A1mA24yPjaY and another american pyscho http://uk.youtube.com/watch?v=wtQ32bH43dU
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Goes off.
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I Blame Computers For This Crisis
why me replied to interestrateripoff's topic in House prices and the economy
"Have you tried turning it on and off again?" -
Bank Credit Is A Bank Loss Issued From Thin Air
why me replied to aliveandkicking's topic in House prices and the economy
They fill in a period return. Form XXX or something. -
Bank Credit Is A Bank Loss Issued From Thin Air
why me replied to aliveandkicking's topic in House prices and the economy
My understaning is this: The bank creates a loan-account because of the loan-agreement. This is your debt - the bank asset (credit extended to you / your liability). The account belongs to the bank and is there for customer use to make payments (which makes sense because sometimes they ask you to provide a customer reference because they need to identify who paid what - if it used by many others). It is the interface between the customer and the bank for making payments and is not measured by M4 because it is an MFI account - but designated for customer use. The bank then creates a deposit (thin air) into your currenct account. This you extending credit to the bank - the bank liability (a debt owed to you / your asset). This account is measured by M4. M4 is a measure of banking liabilities to retail customer (etc etc....)