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David Bean's explanation of how money is created is incorrect.  Private banks do not create money; the Federal Reserve creates money.  The Board of Governors of the Federal Reserve decide hwo much money should be in circulation and maniputates the money supply through various means such as setting the reserve requirements for private banks.  The fractional reserve system multiplies the available money to meet liquidity demands in the general economy.  Further, collateral for a loan does not become capital for a private bank; banks must raise capital from investors, just as any other business.  Mr. Bean is correct in saying that coin and currency represents a small fraction of the money supply; most money is in the form of bank deposits.

posted 3 years, 1 month ago
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This issue comes down to personal responsibility; individuals need to step up and take classes or whatever is needed to become literate.  I wonder how many just thought school was a big party where you played sports and ran after the girls (or boys) but refused to study.  It all comes home to roost.  Now you are an adult and can't get a job - whose fault is it?

posted 3 years, 11 months ago
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Another great comment from the "cultural elite" explaining to us lesser beings how important they (and the "arts") are, especially as regards the "mob" (read average person).

So the request is $1.8 millian from a budget in excess of $12 million to help balance the buget and provide REAL services to citizens. 

Mark me as "take the money" and run

Gerald Howard

posted 4 years, 2 months ago
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Lack of original mortgage document:

1) Does not happen very often

2) Electronic versions are usually acceptable

3) Documents recorded with the county support the bank's lien position.

4) Mucho circumstantial evidence - title company documents, why have you been paying the bank all this time, why does the tax statement go to the mortgage servicer? Etc, etc.

5) Finally, the "you've got to be kidding" angle, i.e., if there is no mortgage, how did you buy the property?

Always someone looking to dodge their responsibilities.

posted 4 years, 2 months ago
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