100% reserve banking
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The Global Resource Bank has 100% reserve banking – http://www.grb.net.
240 posts some of them very detailed and you read them all…kudos to you John Pozzi…Or are you merely replying to the title of the thread.
Fiat money is made from debt.Commodity-backed Global Resource Bank money consists of resources that have universal value – http://www.grb.net.
John Pozzi wrote:Fiat money is made from debt.Commodity-backed Global Resource Bank money consists of resources that have universal value – http://www.grb.net.http://www.worldsocialism.org/spgb/socialist-standard/2000s/2009/no-1253-january-2009/banks-money-and-thin-airBanks, Money and Thin Air
Alan is right. If you think "fiat money is made from debt" you haven't been following this thread. But what's the basis for this claim?
John Pozzi wrote:Fiat money is made from debt.Commodity-backed Global Resource Bank money consists of resources that have universal value – http://www.grb.net.2nd warning: 3. Do not use the forums to send spam, advertisements, charitable appeals, solicitations, or other messages primarily intended to promote a particular product, service, campaign, website, organisation, venture, or event, unless it is relevant to the SPGB or its companion parties, without first obtaining permission from the moderators.
Pull the plug to all these troll and spammers They are just fucking around with this forum. We need workers who want to learn about socialism. This guy is using this forum fior advertising on his capitalist ideas and propagate right wing conspiracy theory
mcolome1 wrote:Pull the plug to all these troll and spammers They are just fucking around with this forum. We need workers who want to learn about socialism. This guy is using this forum fior advertising on his capitalist ideas and propagate right wing conspiracy theory1st warning: 14. Rule enforcement is the responsibility of the moderators, not of the contributors. If you believe a post or private message violates a rule, report it to the moderators. Do not take it upon yourself to chastise others for perceived violations of the rules.
John Pozzi wrote:Fiat money is made from debt.Commodity-backed Global Resource Bank money consists of resources that have universal value – http://www.grb.net.YES!! Go to http://WWW.GRB.NET NOW! And get a free pen! It is THE Website to visit!!
Vin wrote:John Pozzi wrote:Fiat money is made from debt.Commodity-backed Global Resource Bank money consists of resources that have universal value – http://www.grb.net.YES!! Go to http://WWW.GRB.NET NOW! And get a free pen! It is THE Website to visit!!
Parker or Mont Blanc ?
I think some comrades may find this of some use to bookmark It is Google doc. It sets out the role of role of the EIB (European Investment Bank).https://drive.google.com/file/d/0BwSIIXO_UOywaEpGa0hHa3Q4YWc/viewI found it insightful but you think not apologies in advance.
Capitalist money values the product of debt.Real money values the product of nature, i.e. natural resources, the basis of our economy.
'Real Money' lol. What a hoot
John Pozzi wrote:.Real money values the product of nature, i.e. natural resources, the basis of our economy.John Pozzi, your comments are becoming more and more bizarre and surreal. Do you know what money is and what it signifies? How is it a product of nature? Natural resources are not money, for heavens sake, though they can be bought and sold for money and that only relatively recently in human history
robbo203 has commented on: "100% reserve banking"—-/John Pozzi/ wrote:.Real money values the product of nature, i.e. the natural resources that are basis of our economy.John Pozzi, your comments are becoming more and more bizarre and surreal. Do you know what money is and what it signifies? How is it a product of nature? Natural resoruces are not money, for heavens sake, though they can bebought for money and that only relatively recently in human histiryJohn Pozzi: Stat money like US$ signify taxes on the product of labor to pay the interest to capitalist banks like the Fed.Rear money, i.e., GRB ecos, signify the universal value of the product of nature, i.e., the generation of biomass in an ecosystem, usually expressed in units of mass per unit surface (or volume) per unit time, for instance, grams per square metre per day (g m−2 d−1). The mass unit may relate to dry matter or to the mass of carbon generated. Productivity of autotrophs such as plants is called primary natural productivity, while that of heterotrophs such as animals is called secondary productivity.Secondary production is the generation of biomass of heterotrophic (consumer) organisms in a system. This is driven by the transfer of organic material between trophic levels, and represents the quantity of new tissue created through the use of assimilated food that everyone consumes.Vin, Thanks for the hoot, it made me laugh, John ;o)
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