Please don't open one here in qld cause anty anna will just sell it off.

your delusion/of lending out the non-fraction..is revealed FRAUD..gabbies numbers..5.7 billion[intrest]..the bank pays OUT..on the money IT BORROWED...were it lending out..its own..BANKED funds...no intrest would be due...

The 1st Gov of the Bank of England.."The Bank hath benefit of the Interest..of whatever credit..it issues out of nothing"

...The Federal Reserve System relies upon in.....credit created..(money)..out of thin/air...The Bankers want the public to think that Deposits are lent..&..they....the Banks make a margin(profit).

this myth of margin..has been exposed/..by many a noted Banker.

Why even the former Governor..of Reserve Bank of Australia said in the..E.S.& A..Bank Research Address..at Queensland university on 15..the September 1954.."Any given piece of expenditure can be financed from one of 4 sources:..1,2,3,&4...money borrowed from a bank...[fed reserve]

This last source differs from the 1st three..because when the money is lent by a bank..it passes..into the hands of the person who borrows it..without anybody having less.

Whenever a bank lends money..there is,..therefore..,an increase an increase..in the total amount of money available"

R G Hawtrey,of the British Treasury,..in the "Art of Control Banking,"says:..When a bank lends,it creates credit...Against advance..which it enters amongst its assets,..there is a deposit/..entered in its liabilities.

Even Sir Josiah Stamp,Director of the Bank of England,1928-41, said......."..The modern banking system../manufacturers money out of nothing...The process is perhaps the most astounding piece of sleight of hand ever created...Banking was conceived an iniquity & born in sin...Bankers own the earth....

We don't think he was telling lies....he was speaking from a position of power & knowledge...maybe some things are bypassed..&..not the done thing..in universities..when it comes to banking,..it to appears students have to follow the dogma..required to pass....albeit not the reality....but..the line of thinking..to perpetuate the blinkered thought patterns..required to keep the Wizards of Oz alive & in power.

The Banks maybe..lends the deposits of the depositors....may as well....but please note..Government statistic bureaus..have shown that in Australia.......1 year banks lent out 78 times..their deposits..another year 48 times their deposits
http://www.google.com/search?ie=UTF-8&oe=UTF-8&sourceid=gd&q=where+do+banks+bank+their+money&hl=en-GB&rls=MEDA,MEDA:2008-36,MEDA:en-GB

Ok UOG, now we officially know that you are too stupid to debate
this topic :)

You seem to not understand the difference, between the powers of
a Reserve Bank and a commercial savings banks. They are quite
different in what they can and cannot do.

*1 year banks lent out 78 times..their deposits..another year 48 times their deposits*

So let me work this out, based on the figures in yesterdays Financial
Review. Among the big 5 banks, household deposits stood at 429
billion $, on top of that we had business deposits, then overseas
deposits, which are another 50% of their loans.

Lets just take household deposits and your claim. Multiply 429 billion
$ by 78 and you have 33 trillion$ of loans in Australia!

Hehe UOG, you should not keep smoking that weed, it makes you
delusional you know.

Yabby ,we only have to look at the inflation stats to know that the banks are creating too much money and it way above their reserve deposits.Our currencies have lost 96% of their value since 1913 with the instigation of the US Federal Reserve.This means that 96 times the numerical value of our currencies above real productivity and population growth have been added to our economies.

No one else but banks are allowed to create money.The details of which banks and how they do it is a carefully guarded secret.The reality is there for all to see,and it does not matter which bit of accounting creativity they use to hide their machinations,the inflation statistics and the depreciation of our currencies are there for all to see.

Would you kindly refrain from trying to insult and degrade other posters

There is one insight that no one has mentioned in the media,ie the fact that Kevin Rudd has floated an idea of a new people's bank without any research or due diligence.This shows that he is clutching at straws in the light of a national debt that will crush us economically.

The reality is that they have no solutions and that is not very inpsiring.

good destraction gabby... I NOTE SILENCE ON ALL THE OTHER QUOTES...lol..it arnt half obvious bro...

what you cant rebut is what people..[who would know]..aRE SAYING AND HAVE SAID...REBUT WHAT THOSE IN THE KNOW..HAVE REVEALED..if you can..

you cant so play the ridicule the extreem numbers quoted game...ignoring all the other quotes...and seeking...only..to rebut...what you see...as/..the weak link...lol

bankers are lending...as much..as their...on hand reserve../allows for...in the two numbers...78% and 48%....obviously...the two/best..[worse]...years...

when not many reserve-funds/deposits..were withdrawn..allowing bigger lending...lol..based on the fractional reserve..inhand..of deposits.../reserve fractions,...the equivelent of 78 percent of deposits for one year...

and 48 percent of deposits the second best year...

[a huge difference...but we are talking about two extreem cases...not your...this..worst year....numbers...when govt needs to boost...the reserve fractions...to cover over even worse extreem lending of the non reserved fractions

quote...<<Arjay,..banks by law have to keep a % of their total loan book as liquid reserves,..like cash,..deposits with the Reserve bank whatever,>>>..the key word..deposits...they are the fractional..'reserve'

it is on and off the books..[but most of us provide a constant weekly in-flow...ourflow..that would be a representative..'fraction...the bank holds..as..'its'..reserve deposit...lol[others call it turnover]...but not bankers/slime

gabby quote..<<If their.reserves were required to be 100%,>>..by your figures 429 billion..<<they could loan no money out,..>>

<<Fractional reserve banking means..that they only...have to hold a fraction of that 100%[deposits]..as liquid,>>...ok so lets use their/your numbers...how much of a fraction of the 429 billion you think they hold..[in reserve]

those are the two worst numbers...other years the lent less clearly...but allways more than the deposits...[or to the max...the fractional reserve funds[deposits]..on hand ....allow...lol

i note your not touching on bankfees or the absurd excessive bank charges
http://www.walletpop.com/blog/2009/07/02/join-us-on-our-bank-anger-tour-across-the-blogosphere/?icid=main|main|dl8|link5|http%3A%2F%2Fwww.walletpop.com%2Fblog%2F2009%2F07%2F02%2Fjoin-us-on-our-bank-anger-tour-across-the-blogosphere%2F

or credit cards
http://www.huffingtonpost.com/2009/07/09/tarp-recipients-fighting_n_228682.html
[or lack of any intrest payments on the small deposit's holders]
http://revolutionarypolitics.com/?p=1490

or how cap and trade is going to be a huge income stream[1.4 trillion a year from the EXTRA tax
http://thedoomsdayreport.blogspot.com/2009/07/whats-behind-cap-trade-it-aint-pretty.html

http://finance.yahoo.com/news/Banks-plan-to-refuse-apf-1135048135.html?x=0&.v=4&.pf=banking-budgeting&mod=pf-banking-budgeting
http://www.globalresearch.ca/index.php?context=viewArticle&code=BRO20090708&articleId=14270
or that audit the fed issue
http://bytestyle.tv/content/did-you-miss-todays-freedom-watch-22-watch-here
or the wall street insider trading[gold-man-sex]
http://www.dailykos.com/storyonly/2009/7/7/750786/-Incredibly-Shrinking-Liquidity-as-Goldman-Flushed-Quant-Trading
http://apps.nyse.com/commdata/PubInfoMemos.nsf/AllPublishedInfoMemosNyseCom/85256FCB005E19E8852575DF006D4F66/
or the pope
http://news.yahoo.com/s/nm/20090707/ts_nm/us_pope_encyclical

mate little wonder you resort to insult