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Fa$ten Your $eat Belt$
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<blockquote data-quote="thomas james" data-source="post: 21067" data-attributes="member: 4"><p>When you mail cash, you are, in effect, reducing M3, money supply, to the extent that you are, temporarily, reducing the available inventory of the cash component of M3. When you charge something on a credit card, you increase M3, to the extent that you increase a banks accounts receivables. Using credit CREATES money. Money is not created by printing it. Banks and credit card companies CREATE money with CREDIT. When credit dries up, so does capital, ie, money, ie, economies. Increase capital, increase money supply in ways printing of money can not approximate. </p><p></p><p> :king: , bozo banker.</p></blockquote><p></p>
[QUOTE="thomas james, post: 21067, member: 4"] When you mail cash, you are, in effect, reducing M3, money supply, to the extent that you are, temporarily, reducing the available inventory of the cash component of M3. When you charge something on a credit card, you increase M3, to the extent that you increase a banks accounts receivables. Using credit CREATES money. Money is not created by printing it. Banks and credit card companies CREATE money with CREDIT. When credit dries up, so does capital, ie, money, ie, economies. Increase capital, increase money supply in ways printing of money can not approximate. :king: , bozo banker. [/QUOTE]
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