Mungo's monetary musings.

Re: Mungo's monetary musings.

Postby Guest » Sat Jun 09, 2018 6:45 pm

Gigabit wrote:Mungo aren't you anti banking regulation?


Tories usually offer Socialist policies to combat things like the Financial crash, like errrm regulating the markets. :gigglesnshit:
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Re: Mungo's monetary musings.

Postby Fletch » Sat Jun 09, 2018 7:55 pm

MungoBrush wrote:I'm not talking about trading systems either
Just the basic level of banking

Banks accept deposits on which they may have to pay interest
Banks can lend some of that money to customers
But not the whole lot



They have to keep in reserve a % to cover liquidity risk
They collect interest (and fees) on money they lend

So if they have say £1,000 in deposits, they can only lend up to £880 in loans leaving £120 for their capital reserve.
That reserve is pre-determined by the regulatory authorities and has to be reported to them on a daily basis (in some countries, more frequently)


Money creation in the modern economy

By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.

This article explains how the majority of money in the modern economy is created by commercial banks making loans.

Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits.

The amount of money created in the economy ultimately depends on the monetary policy of the central bank. In normal times, this is carried out by setting interest rates. The central bank can also affect the amount of money directly through purchasing assets or ‘quantitative easing’.

http://www.bankofengland.co.uk/publicat ... b14q1.aspx


:brickwall:
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Re: Mungo's monetary musings.

Postby Gigabit » Sat Jun 09, 2018 8:12 pm

Hey Mungo, which University did you "lecture" at?

Do you seriously think banks directly lend out the money they receive from deposits - are you stupid?
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Re: Mungo's monetary musings.

Postby MungoBrush » Sat Jun 09, 2018 9:23 pm

Fletch wrote:
MungoBrush wrote:I'm not talking about trading systems either
Just the basic level of banking

Banks accept deposits on which they may have to pay interest
Banks can lend some of that money to customers
But not the whole lot



They have to keep in reserve a % to cover liquidity risk
They collect interest (and fees) on money they lend

So if they have say £1,000 in deposits, they can only lend up to £880 in loans leaving £120 for their capital reserve.
That reserve is pre-determined by the regulatory authorities and has to be reported to them on a daily basis (in some countries, more frequently)


Money creation in the modern economy

By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.

This article explains how the majority of money in the modern economy is created by commercial banks making loans.

Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits.

The amount of money created in the economy ultimately depends on the monetary policy of the central bank. In normal times, this is carried out by setting interest rates. The central bank can also affect the amount of money directly through purchasing assets or ‘quantitative easing’.

http://www.bankofengland.co.uk/publicat ... b14q1.aspx


:brickwall:



Why don't you try it?
Deposit £1,000 into your bank account
Make a loan to your mother of £1,000
Deposit that £1,000 into her loan account

See how much better off you are?
You've just created "money" out of thin air.

It's that easy you should be rich in no time.
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Re: Mungo's monetary musings.

Postby MungoBrush » Sat Jun 09, 2018 9:26 pm

Gigabit wrote:Hey Mungo, which University did you "lecture" at?

Do you seriously think banks directly lend out the money they receive from deposits - are you stupid?


Ah yes - the idiot who thinks that you can just print as much money as you like
You should advise the Greek government, and the Venezualan government

In fact why dont you do it yourself?
Invent your own currency
You can call it gigashit coins
Make as much as you want
You'll be rich

Let us know how you get on.
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Re: Mungo's monetary musings.

Postby Fletch » Sat Jun 09, 2018 9:26 pm

MungoBrush wrote:
Fletch wrote:
MungoBrush wrote:I'm not talking about trading systems either
Just the basic level of banking

Banks accept deposits on which they may have to pay interest
Banks can lend some of that money to customers
But not the whole lot



They have to keep in reserve a % to cover liquidity risk
They collect interest (and fees) on money they lend

So if they have say £1,000 in deposits, they can only lend up to £880 in loans leaving £120 for their capital reserve.
That reserve is pre-determined by the regulatory authorities and has to be reported to them on a daily basis (in some countries, more frequently)


Money creation in the modern economy

By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.

This article explains how the majority of money in the modern economy is created by commercial banks making loans.

Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits.

The amount of money created in the economy ultimately depends on the monetary policy of the central bank. In normal times, this is carried out by setting interest rates. The central bank can also affect the amount of money directly through purchasing assets or ‘quantitative easing’.

http://www.bankofengland.co.uk/publicat ... b14q1.aspx


:brickwall:



Why don't you try it?
Deposit £1,000 into your bank account
Make a loan to your mother of £1,000
Deposit that £1,000 into her loan account

See how much better off you are?
You've just created "money" out of thin air.

It's that easy you should be rich in no time.


:ooer:

:drinktype:

:dunno:
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Re: Mungo's monetary musings.

Postby McAz » Sat Jun 09, 2018 9:27 pm

Is Fletch Sharia? :dunno:
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Re: Mungo's monetary musings.

Postby MungoBrush » Sat Jun 09, 2018 9:37 pm

Gigabit wrote:Hey Mungo, which University did you "lecture" at?

Do you seriously think banks directly lend out the money they receive from deposits - are you stupid?


Actually, academic studies have confirmed that Labour voters are the stupidest.
And you are an excellent example

https://www.spectator.co.uk/2017/05/whe ... est-party/
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Re: Mungo's monetary musings.

Postby McAz » Sat Jun 09, 2018 9:40 pm

MungoBrush wrote:
Gigabit wrote:Hey Mungo, which University did you "lecture" at?

Do you seriously think banks directly lend out the money they receive from deposits - are you stupid?


Actually, academic studies have confirmed that Labour voters are the stupidest.
And you are an excellent example

https://www.spectator.co.uk/2017/05/whe ... est-party/

Actually your pal Viper posted the exact same thing when he was floundering - oh how we laughed. :pmsl:
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Re: Mungo's monetary musings.

Postby Guest » Sat Jun 09, 2018 9:41 pm

MungoBrush wrote:
Gigabit wrote:Hey Mungo, which University did you "lecture" at?

Do you seriously think banks directly lend out the money they receive from deposits - are you stupid?


Actually, academic studies have confirmed that Labour voters are the stupidest.
And you are an excellent example

https://www.spectator.co.uk/2017/05/whe ... est-party/


Toby Young!!!! :pmsl: :pmsl: :pmsl:

:off head: :hand: :hand:
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Re: Mungo's monetary musings.

Postby Guest » Sat Jun 09, 2018 9:42 pm

MungoBrush wrote:
Gigabit wrote:Hey Mungo, which University did you "lecture" at?

Do you seriously think banks directly lend out the money they receive from deposits - are you stupid?


Actually, academic studies have confirmed that Labour voters are the stupidest.
And you are an excellent example

https://www.spectator.co.uk/2017/05/whe ... est-party/


No it was right wingers are the stupidiest, the Mail cried about it for weeks

Even here there's one moron who posts links that no way, in any shape or form back up his argument. How divvy is that?

At least his sock never posted that link before, Oh hang on a mo
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Re: Mungo's monetary musings.

Postby Gigabit » Sat Jun 09, 2018 10:30 pm

So we've just outed Mungo as Viper - what a fucking idiot. Not even a good troll.
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Re: Mungo's monetary musings.

Postby Rolluplostinspace » Sat Jun 09, 2018 10:31 pm

MungoBrush wrote:
Gigabit wrote:Hey Mungo, which University did you "lecture" at?

Do you seriously think banks directly lend out the money they receive from deposits - are you stupid?


Actually, academic studies have confirmed that Labour voters are the stupidest.
And you are an excellent example

https://www.spectator.co.uk/2017/05/whe ... est-party/


The Tories always borrow more pay down less leave the country in greater debt.
The Conservatives have been the biggest borrowers over the last 70 years
Posted on March 13 2016

http://www.taxresearch.org.uk/Blog/2016 ... -70-years/
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Re: Mungo's monetary musings.

Postby Gigabit » Sat Jun 09, 2018 10:31 pm

MungoBrush wrote:
Fletch wrote:
MungoBrush wrote:I'm not talking about trading systems either
Just the basic level of banking

Banks accept deposits on which they may have to pay interest
Banks can lend some of that money to customers
But not the whole lot



They have to keep in reserve a % to cover liquidity risk
They collect interest (and fees) on money they lend

So if they have say £1,000 in deposits, they can only lend up to £880 in loans leaving £120 for their capital reserve.
That reserve is pre-determined by the regulatory authorities and has to be reported to them on a daily basis (in some countries, more frequently)


Money creation in the modern economy

By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.

This article explains how the majority of money in the modern economy is created by commercial banks making loans.

Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits.

The amount of money created in the economy ultimately depends on the monetary policy of the central bank. In normal times, this is carried out by setting interest rates. The central bank can also affect the amount of money directly through purchasing assets or ‘quantitative easing’.

http://www.bankofengland.co.uk/publicat ... b14q1.aspx


:brickwall:



Why don't you try it?
Deposit £1,000 into your bank account
Make a loan to your mother of £1,000
Deposit that £1,000 into her loan account

See how much better off you are?
You've just created "money" out of thin air.

It's that easy you should be rich in no time.


It's official, you're actually stupid. I am diagnosing you as mentally handicapped.
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Posts: 1967
Joined: Sun Apr 01, 2018 4:52 pm

Re: Mungo's monetary musings.

Postby Guest » Sat Jun 09, 2018 10:37 pm

Gigabit wrote:
MungoBrush wrote:
Fletch wrote:
MungoBrush wrote:I'm not talking about trading systems either
Just the basic level of banking

Banks accept deposits on which they may have to pay interest
Banks can lend some of that money to customers
But not the whole lot



They have to keep in reserve a % to cover liquidity risk
They collect interest (and fees) on money they lend

So if they have say £1,000 in deposits, they can only lend up to £880 in loans leaving £120 for their capital reserve.
That reserve is pre-determined by the regulatory authorities and has to be reported to them on a daily basis (in some countries, more frequently)


Money creation in the modern economy

By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.

This article explains how the majority of money in the modern economy is created by commercial banks making loans.

Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits.

The amount of money created in the economy ultimately depends on the monetary policy of the central bank. In normal times, this is carried out by setting interest rates. The central bank can also affect the amount of money directly through purchasing assets or ‘quantitative easing’.

http://www.bankofengland.co.uk/publicat ... b14q1.aspx


:brickwall:



Why don't you try it?
Deposit £1,000 into your bank account
Make a loan to your mother of £1,000
Deposit that £1,000 into her loan account

See how much better off you are?
You've just created "money" out of thin air.

It's that easy you should be rich in no time.


It's official, you're actually stupid. I am diagnosing you as mentally handicapped.


That would be disrespectful to the mentally handicapped though :shake head:

Trolling Tory boy, cap doffing cunt would be a better description :thumbsup:
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