sci.energy.hydrogen

"phil scott" wrote in message
news: @ ...
> The bankers themselves are operating as you mention... just lending,
> but on margin you see, they can lend out 90% more than they have on
> deposit... so that puts money (or at least the credit, the home loan
> for example) into the hands of the borrower even though no actual
> money was printed...

Actually a bank, based on current reserve requirements and safety, can lend
roughly 4 times the amount they have on deposit plus its capitalization.

> further, the Fed can and does actually print money...and thats fine...
> as the nations output inceases it is necessary that the money supply
> grow in tandem,.. its a good thing.

The Fed does not print money. All currency is printed by the US Government's
Bureau of Printing and engraving, a sub agency ofg the US Treasury.

> In the event that govt goes corrupt, over spends etc..

Over spending is not a definition of a corrupt Government. It might be, but
not necessarily, a description of an incompetently run government.