Posts Tagged ‘bank’

Money Flow

Posted: May 13, 2018 in Money Matters
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“Money flows through banks just the way water flows through rivers. However, whereas the flow of water is determined by the laws of physics, the flow of money is determined by the choices of men (and
women).” -Ryan Griggs

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Bank Robber

Posted: May 11, 2018 in Money Matters
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“When you have a gun, you can rob a bank. When you have a bank, you can rob everyone.” — Anonymous

Bank Money

Posted: May 1, 2018 in Money Matters
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“You don’t own the money you deposit in a bank. The bank does.” -Ryan Griggs 

  • Despite the long bull market, more Americans today have more debt than money in the bank than at any point since 1962, according to Deutsche Bank.
  • American household savings levels are at levels last seen in December 2007… right before the economy slipped into a recession that spurred the global financial crisis.
  • And total U.S. consumer debt – credit cards, auto loans, and student loans – just surged by the most in two years to $3.8 trillion.
  • And government debt is creeping toward a $1 trillion deficit per year. The national debt has topped $20 trillion.

 

If these folks can’t save or make their payments in a strong economy… how will they do it when interest rates go up and the next inevitable recession hits?

The answer is that they won’t.

-Steve Longenecker

“The inflation process is the increase of the money supply.” L. Carlos Lara

“The actual process of money creation takes place primarily in banks.” -Federal Reserve Bank of Chicago

“Even if you buy a car with cash, you are forfeiting the opportunity of investing that cash and earning a return on it. So even people who always ‘pay cash’ still experience the same implicit trade-offs between spending now versus later…the real question is whether you are going to obtain your financing from a bank controlled by outsiders, versus a bank that you control.” -Robert Murphy