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11
Local Log / 3 April 2024
« Last post by Dale Eastman on April 03, 2024, 10:10:27 AM »
Way too many of you are delusional fools. You believe un-truths as truths because you are not smart enough to think about and analyze what you have just had presented to you.

Unlike most of you, I do think about and analyze what has been presented to me.

A specific example was provided during my incarceration in DAY JAIL, Also known as public school. The specific example is these words:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed

Many of you will recognize those words from the text of The U.S. Declaration of Independence.

That "all men are created equal" is a set of words presenting a concept to think about and analyze.
What, exactly, was created equal? The penis sizes of men?
Did the patriarchy that wrote this self-evident truth intend to exclude women?

Perhaps a better understanding is: all HUmans are created equal.
What, exactly, was created equal? Perhaps that no human was created owning or having a right to own another human?

Another thing to think about and analyze: Those unalienable Rights, Life, Liberty and the pursuit of Happiness.

The Right-to-Life includes a Right-to-Defend-your-Life. To quote a science fiction character, "When somebody tries to kill you, you try and kill 'em right back."

I'm sure the concept presented in the prior sentence will upset some of you delusional fools. (I have thought about and analyzed why this is happening. I'll explain later.)

The Right-to-Liberty is not that hard to comprehend. The best working definition of Liberty was written long ago by some old guy.

Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual.

I have had cowardly delusional fools argue against Liberty-Freedom because without law & government some people will just kill your family and rape your dog.

There have been governments since time immemorial. There have been laws against murder since time immemorial. There have been murders since time immemorial. What does this say about government and its anti-murder law? Laws against murder don't matter to those who don't murder. Laws against murder don't matter to murderers.

What, exactly, is this "pursuit of Happiness"? Wouldn't it be "unobstructed action according to our will within limits drawn around us by the equal rights of others" that makes a human happy?

Repeating my quote of a science fiction character, "When somebody tries to kill you, you try and kill 'em right back." Government claims only it has a right to use force. Therefore government claims you don't have a right to try and kill 'em right back, When somebody tries to kill you.

Government laws against defending and protecting your life and your Right-to-Life is government violating its reason for existing. Those laws exist. Perhaps later I will present them to you. Then you will have evidence proving government violates its reason for existing.

Government deliberately lies to you. If you believe cops-police have any duty to protect you, You swallowed the lie.

No Duty To Protect

The dictionary definition claims that the purpose of the police is crime prevention, and to maintain peace, safety, and order. This dictionary definition does not account for what the law and the courts have to say on this matter.

South v. Maryland

Pottle is a person who asked Sheriff South for protection. The Sheriff did not provide the protection. The original lower court case was a suit for damages done to Pottle because the Sheriff did not provide specifically requested assistance and protection.
Quote from: The Supreme Court in South v. Maryland, 59 U.S. 396 (1855)

Where, in an action upon a sheriff's bond, the declaration did not charge the sheriff with a breach of his duty in the execution of any writ or process in which the real plaintiff was personally interested, but with a neglect or refusal to preserve the public peace, in consequence of which the plaintiff suffered great wrong and injury from the unlawful violence of a mob, the declaration did not set forth a sufficient cause of action against the sheriff and his sureties.
[...]
The breach alleged is, in substance,
"that while Pottle was engaged about his lawful business, certain evil-disposed persons came about him, hindered and prevented him, threatened his life, with force of arms demanded of him a large sum of money, and imprisoned and detained him for the space of four days, and until he paid them the sum of $2,500 for his enlargement."

That South, the sheriff, being present, the plaintiff, Pottle, applied to him for protection and requested him to keep the peace of the State of Maryland, he, the said sheriff, having power and authority so to do. That the sheriff neglected and refused to protect and defend the plaintiff and to keep the peace, wherefore, it is charged, "the sheriff did not well and truly execute and perform the duties required of him by the laws of said state," and thereby the said writing obligatory became forfeited and action accrued to the plaintiff.
[...]
The declaration in the case before us is clearly not within the principles of these decisions. It alleges no special individual right, privileges, or franchise in the plaintiff from the enjoyment of which he has been restrained or hindered by the malicious act of the sheriff, nor does it charge him with any misfeasance or nonfeasance in his ministerial capacity in the execution of any process in which the plaintiff was concerned. Consequently we are of opinion that the declaration sets forth no sufficient cause of action.

Read @ Justia

In common speech no sufficient cause of action means the suit for damages caused by the sheriff failing to protect the plaintiff is dismissed for lack of standing.

The court listed the Sheriff's legal duties in the full text. (Available at the Justia link.) The Plaintiff did not have standing to sue the Sheriff because the Sheriff did not have a legal duty to protect the Plaintiff.

There are other Supreme Court cases affirming that government, through its police offices and police officers have no duty to protect. This is directly in contradiction of government's claim that its purpose is to "to secure these rights,", specifically, the rights to "Life, Liberty and the pursuit of Happiness.".
12
Discussions; Public Archive / TG
« Last post by Dale Eastman on April 03, 2024, 05:20:12 AM »
Quote from: 2 April @ 1506
...Lol! When you were born and your parents signed your birth certificate, you became the property of the State, YOU are a Slave! Reminder..
ANYTHING you register, you give ownership to Government!
Quote from: 2 April @ 1637
When you were born and your parents signed your birth certificate, you became the property of the State,

Evidence? Quote the law making this so.
Quote from: 2 April @ 1653
I asked a very specific question about your posted and unsupported opinion.
Quote from: 2 April @ 1823
Dale Eastman...well, usually an adult, will see things that he regarded as something out of the " Norm " of what he has been told to believe, and will take it upon himself to research for him or herself to find out if it's true or not. This particular research will take deep research as those the voting cults vote into power have already changed what was thought of as prior knowledge. While you all were arguing over bullcrap that those who rule distracted you with, they commenced to rewriting history and creating more lies...for example: growing up and while in school, we were told that the Wright Brothers invented the Air Plane...NOW if you Google it, this is what you'll find...and is precisely why YOU must do the research if you really wish to know the truth as the majority of truth is either censored or erased! Here...take a look at whom they now say invented the Air Plane, not to mention many other inventions that we were " Schooled " on!
Quote from: 3 April @ 0638

When you were born and your parents signed your birth certificate, you became the property of the State,

You posted an unsupported opinion WITHOUT proof.

Your logical fallacy is burden of proof
You said that the burden of proof lies not with the person making the claim, but with someone else to disprove.

The burden of proof lies with someone who is making a claim, and is not upon anyone else to disprove. The inability, or disinclination, to disprove a claim does not render that claim valid, nor give it any credence whatsoever. However it is important to note that we can never be certain of anything, and so we must assign value to any claim based on the available evidence, and to dismiss something on the basis that it hasn't been proven beyond all doubt is also fallacious reasoning.
https://yourlogicalfallacyis.com/burden-of-proof
Quote from: 3 April @ 0756
Dale Eastman ..Seems like you are asleep and aren't paying attention to what's going around you ...go find a post where your brain capacity can function at its sheep status!
Quote from: 3 April @ 0824
The bloviating opinion spewer indicates that logical thinking is NOT within his skill set. ✔
13
Discussions; Public Archive / Re: PS
« Last post by Dale Eastman on April 03, 2024, 04:42:11 AM »
Quote from: 2 April @ 2011
Dale, what should it be?

Every good, and hour of labor, has some value (which we call utility).

We use money as a medium to arbitrate the differences in the values of those different goods and services.

So the dollar is worth a dollar. It’s a unit of measurement.

Your question is like asking “how long is a foot?” It’s a foot. Twelve inches.

Is it as long as a rock? Depends on the rock. It’s what we use to measure the length of other things.

A dollar is what we use to measure the utility of other things.
Quote from: 2 April @ 2013
There is only one thing which has a price which does not vary: taxes.

The US government issues the dollar, and it has the power to tax dollars.

So a dollar is always of the exact value (utility, actually) to satisfy one dollar of tax obligation.

That’s not a specious answer.

That’s fundamental to understanding how money works.
Quote from: 3 April @ 0734
I often have my wife read over my shoulder as a reality check. Her comment on this discussion was that you are just not "getting it".

I conclude that I have failed to communicate in a manner that you can understand.

ME:
⇉ What is the value of "one dollar"?
YOU:
Dale, what should it be?

Not what it is.
⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒
Quoting Voltaire: "If you wish to converse with me, define your terms."

There are words, phrases, or terms being used in this discussion that have NOT been defined.
Undefined words, phrases, or terms allow equivocation.
Equivocation interferes with communication.

27 March @ 1150 I asked:
⇉ "What is "MONEY"?"
Quote from: 3 April @ 0822
Dale, you’re not being sincere.

You didn’t ask me what money is, or if you did it was on a thread about Ukraine or abortion, or buried in a wall of sarcasm surrounded by little pointy bullshit symbols.

Had you asked the fucking question, I would have been happy to answer.

I’m out.

If you want to drop the condescension (which is ironic, because it’s clear you know less than nothing about the subject), let me know.

But it’s impossible to discuss anything who bloviates with walls of text to say absolutely nothing.

Suffice it to say that I have answered every question, and you’ve responded with nastiness and immaturity.

Out.
Quote from: 3 April @ 0835
And I’ll part with a simple answer to the question you whine that you asked *DAYYYYS AGO* *SIIIIGHHH*, but never did.

Money is a tax credit which can be used to settle tax debts and all other lawful debts.

All you had to do to get an answer was stop acting like some sort of drama dude with special inside information as a result of being aware of a conspiracy theory which was nonsense from the day Griffin decided he could make more money hawking books about it than he could hawking fake cancer treatments to people dying of cancer.
Quote from: 3 April @ 0839
I've been publicly archiving our discussion on my website since March 26, 2024, 01:56:06 PM
https://www.synapticsparks.info/dialog/index.php?topic=1715.0
Your failure to follow this discussion is on you.
Quote from: 3 April @ 1422
Dale, and?
Quote from: 3 April @ 1423
“My failure to follow”?

lololol!!
Quote from: 3 April @ 1425
You’re not engaging in any discussion. You’re playing juvenile games.
Quote from: 3 April @ 1536
You’re not engaging in any discussion. You’re playing juvenile games.

The archived discussion indicates you were looking in the mirror when you wrote that.

The proper and correct definition of MONEY is something that is a measure and store of value.

Liars in banking and government don't want that definition to be used. It lays bare their BS.
Quote from: 3 April @ 1536
Dale, that’s not a “correct” definition.

It’s an ideological definition, and I already explained why that definition is both incorrect and harmful.

But you’ve spent so much time prancing around and not answering discussion points that you don’t even know what the hell is going on.
Quote from: 3 April @ 1550
Dale, you’re arguing that you want money to be a specific thing, then saying that what you want should be the definition.

Argument by definition isn’t argument at all, it’s a logical fallacy called tautology.

You said you had questions.

You clearly don’t.

You believe whatever the hell you want, no matter how illogical or specious.

I already pointed out just how factually wrong the one source you identified as is.

No answer from you.

You’re just reiterating nonsense by people who can’t even get their facts straight.
14
Discussions; Public Archive / Re: PS
« Last post by Dale Eastman on April 02, 2024, 08:10:39 AM »
Quote from: 2 April @ 1043
YOU:
Why don’t you post an OP on the subject?
ME:
What the fuck do you think this is?
YOU:
Dale, never saw it. I wasn’t tagged.
ME:
You were, but Fecalbook being Fecalbook, So looking at it now, the tag is missing.
YOU:
Dale, never wait to check that stuff before taking the opportunity to insult people.

⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒

𝟙. Please explain the insult you claim I made.

𝟚. You were tagged in the original thread where our discussion started:
29 March @ 1101;
30 March @ 0919;
30 March @ 1237;
30 March @ 1840.

⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒ ⛒

If I stuffed $4000 worth of Federal Reserve Notes in my mattress ten years ago, why are they not worth as much today as when I earned them?

That’s called inflation,

I know what the decrease in the value Of the "FEDERAL RESERVE NOTES" a.k.a. "LEGAL TENDER" is called. My error in not being specific enough with my question. What causes this "INFLATION"?

None of your following 260 words address this topic.

Since we have to choose between inflation and deflation, we choose inflation, for obvious reasons.

Who, specifically, is this "WE"? Who, exactly, are you presuming to speak for? Am I included in this "WE"?
Reminder, I did warn you that I am a pedantic asshole. Especially when it come to claims on the internet.

the value of a dollar

Is this a dollar like what you are referring to?


Quote from: 2 April @ 1347
Dale, not sure what your point is.
Quote from: 2 April @ 1348
We all know what a federal reserve not[e] is.

It’s a US dollar, in cash.
Quote from: 2 April @ 1412
Dale, not sure what your point is.

I will accept the blame for my apparent lack of clarity

We all know what a federal reserve not[e] is.

Who, specifically, is this "WE"? Who, exactly, are you presuming to speak for? Am I included in this "WE"?
Reminder, I did warn you that I am a pedantic asshole. Especially when it come to claims on the internet.

Further comment is held and reserved because I'm re-asking a question you missed:

What is the value of this "bill"?


Quote from: 2 April @ 1415
Dale, the value of that bill is one dollar.
Quote from: 2 April @ 1418
You’re obviously trying to head somewhere, and I’m pretty sure I know where you’re trying to go.

I’ve been to this rodeo 100 times before.

You’re asking the wrong questions.
Quote from: 2 April @ 1421
Here, I’ll offer a conclusionary teaser:

The US can never go bankrupt, never needs to borrow money, and only borrows money as a policy choice in order to manage inflation and interest rates.

The US, with its current monetary system, can never become Greece, or the Weimar Republic, or Zimbabwe.

However, the policies of people like Ron Paul, Peter Schiff, and others who think like they do, could easily turn us into any of those.
Quote from: 2 April @ 1441
You’re asking the wrong questions.

Your errant opinion is noted.

I ask questions to get answers. Your unwillingness/refusal to answer my questions says a great deal to me regarding your implied expertise in banking.

Dale, the value of that bill is one dollar.

What is the value of "one dollar"?
15
Discussions; Public Archive / Re: PS
« Last post by Dale Eastman on April 01, 2024, 05:44:58 PM »
Quote from: 1 April @ 1838
//If I stuffed $4000 worth of Federal Reserve Notes in my mattress ten years ago, why are they not worth as much today as when I earned them?//

That’s called inflation, and it doesn’t matter whether it’s federal reserve notes or deposit account balances.

Some inflation is a desirable thing, as long as it’s moderate and stable.

There is no such thing as money which will never vary in value.

If money appreciates in value, then it reduces the value of every good and service, and of labor, over time.

So if money appreciated in value, here’s an example of what would happen:

If deflation were 6%, then the value of a dollar would double in ten years.

Let’s say you buy a house for $100,000. In 12 years it would be worth only $50,000.

But your mortgage on the house is for a fixed percentage rate. Let’s say that it takes you a week of labor, now, to pay your mortgage. In 12 years, it would take you two weeks to pay that mortgage every month, because you have to pay the same number of dollars every month, but the value of the dollars has doubled.

The bank is making out like a bandit, and your mortgage payment goes up, in real terms, every month.

With deflation (an appreciating dollar), you have to pay back your loan with dollars that are more valuable than the dollars you borrowed.

With inflation, you are paying your loan back with dollars that are worth less than the dollars you borrowed.

Inflation encourages investment.

Under deflation, hoarding cash is the best investment, which discourages investment in everything else.
This is why deflation is associated with depressions, and inflation is associated with growing economies.

Since we have to choose between inflation and deflation, we choose inflation, for obvious reasons.
Quote from: 1 April @ 1839
Dale, never wait to check that stuff before taking the opportunity to insult people.
16
Discussions; Public Archive / Re: PS
« Last post by Dale Eastman on March 31, 2024, 07:45:40 AM »
Quote from: 31 March @ 0823
You:
I know a lot about banking and central banking.
You:
by showing you the laws which govern bankings, the actual policy papers and statements of central banks, and so on.

Me:
If so, you will increase your Cred with me.
Me:
If I stuffed $4000 worth of Federal Reserve Notes in my mattress ten years ago, why are they not worth as much today as when I earned them?
Quote from: 1 April @ 1437
I know a lot about banking and central banking.
You:
by showing you the laws which govern bankings, the actual policy papers and statements of central banks, and so on.

Me:
If so, you will increase your Cred with me.
Me:
If I stuffed $4000 worth of Federal Reserve Notes in my mattress ten years ago, why are they not worth as much today as when I earned them?
Quote from: 1 April @ 1438
Dale, a little off topic, don’t you think?

Why don’t you post an OP on the subject?[
Quote from: 1 April @ 1826
Dale, a little off topic, don’t you think?

Why don’t you post an OP on the subject?

What the fuck do you think this is?
Quote from: 1 April @ 1827
Dale, never saw it. I wasn’t tagged.
Quote from: 1 April @ 1835
You were, but Fecalbook being Fecalbook, So looking at it now, the tag is missing.
17
Discussions; Public Archive / Re: PS
« Last post by Dale Eastman on March 29, 2024, 10:03:19 AM »
Quote from: 29 March @ 1101
Fecalbook is mucking up notifications.

https://www.synapticsparks.info/dialog/index.php?topic=1715.0
Quote from: 30 March @ 0919
Fecalbook is mucking up notifications.

https://www.synapticsparks.info/dialog/index.php?topic=1715.0
Quote from: 30 March @ 1237
Fecalbook is mucking up notifications.

https://www.synapticsparks.info/dialog/index.php?topic=1715.0
Quote from: 30 March @ 1840
Fecalbook is mucking up notifications.

https://www.synapticsparks.info/dialog/index.php?topic=1715.0
18
Discussions; Public Archive / Re: PS
« Last post by Dale Eastman on March 26, 2024, 02:04:23 PM »
Quote from: 27 March @ 0747
If you want to fact check it, we can do that.

I am a pedantic asshole. Especially when it come to claims on the internet.

I don't know what I don't know. This is my reminder to myself to be humble and polite.

I will be publicly archiving this discussion on my website. You will only be identified by the letters "PS"

https://www.synapticsparks.info/dialog/index.php?topic=1715.0

If you decide to post directly to the website, that is doable. Instructions to do so. Click "Reply" instead of "New Topic".

✸ ✸ ✸ ✸ ✸

If I stuffed $4000 worth of Federal Reserve Notes in my mattress ten years ago, why are they not worth as much today as when I earned them?
Quote from: 27 March @ 0810
Dale, having said that, let’s talk about your question about federal reserve notes.

We’ve strayed from the question of inflation, so I’m not talking about theories of inflation. We can do that, but this comment isn’t that.

In the context of reserve banking, federal reserve notes (cash) are a representation of money. They are a small fraction of the money supply, and it isn’t helpful to think of money as being paper notes.

New money which enters the system never enters the system as paper notes: new money ALWAYS enters the system as bank deposit balances - that is, as accounting entries on a bank’s books.

Here’s how that happens.

We know the federal government deficit spends: that is, it spends money which it does not have.

If you receive a check from the government which is deficit spending, there’s no physical check anymore, but the basic process hasn’t changed.

The Treasury sends your bank a direct deposit notice that they are giving you money - in the amount, say, of $100.

The bank then creates a deposit balance of $100 in your account.

The bank has now increased its liabilities by $100. To balance its books, it either needs to create a $100 asset or reduce some other liability by $100, because its books no longer balance.

The bank then tells the Fed, through the clearinghouse/payments system, that it has created a deposit balance for you because the Treasury told it to - that is, it accepted a deposit of a $100 “government check”.

The Fed then created a $100 reserve balance in your bank’s reserve account. It doesn’t take that money from anywhere, it just creates that reserve balance “with the stroke of a pen”.

The bank’s books now balance, and there is $100 more in the money supply than there was before you deposited your check.

That’s how money is created: the federal government spends money it doesn’t have, which results in banks creating that money in the form of bank deposits, and the Fed batting cleanup by creating reserve balances which enable the bank to make payments on your behalf when you use your debit card.

Let’s say you want cash. You withdraw cash from the bank.

The bank will give you that cash “from their vault”.

“Vault cash” is cash which banks keep on hand for customer convenience. It is not counted in the money supply.

Banks buy pallets of vault cash using their reserve balances. Reserve balances are not counted in the money supply, either.

So when a bank buys a pallet of cash, it is not adding that cash to the money supply, and the reserve balances it pays to buy the cash doesn’t subtract money from the money supply. The books balance.

When you withdraw cash, that cash is added to the money supply, and in exchange, the bank reduces your bank deposit balance, which reduces the money supply.

So the addition of federal reserve notes to the system doesn’t change the money supply, it simply converts bank deposits into cash, both of which are counted in the money supply.

Federal reserve notes, therefore, have nothing to do with inflation.
Quote from: 27 March @ 1150
I will be publicly archiving this discussion on my website. You will only be identified by the letters "PS"

https://www.synapticsparks.info/dialog/index.php?topic=1715.0

Repeating my reminder to myself, "This is my reminder to myself to be humble and polite."

We’ve strayed from the question of inflation, so I’m not talking about theories of inflation. We can do that, but this comment isn’t that.

Your claim is noted. I do not agree.

You addressed my question and DID NOT ANSWER my question:
If I stuffed $4000 worth of Federal Reserve Notes in my mattress ten years ago, why are they not worth as much today as when I earned them?

Unpacking your following paragraph:

𝟙.➽ In the context of reserve banking, federal reserve notes (cash) are a representation of money.
𝟚.➽ They are a small fraction of the money supply, and
𝟛.➽ it isn’t helpful to think of money as being paper notes.

𝟙. What is "MONEY"?
𝟚. I REJECT this claim. "MONEY" has NOT been defined and agreed to.
𝟛. I don't. "MONEY" has NOT been defined and agreed to.

New money which enters the system never enters the system as paper notes: new money ALWAYS enters the system as bank deposit balances - that is, as accounting entries on a bank’s books.

OBJECTION! "MONEY" has NOT been defined and agreed to.

The Fed then created a $100 reserve balance in your bank’s reserve account. It doesn’t take that money from anywhere, it just creates that reserve balance “with the stroke of a pen”.

Yup, with the stroke of a pen currency (what you are errantly calling "money") comes into existence.



What is the value of this "bill"?


19
Discussions; Public Archive / PS
« Last post by Dale Eastman on March 26, 2024, 12:56:06 PM »
Abridged since insults don't discuss details of the topic.

Quote from: 25 March @ 1138
Here’s what I’m telling you: I know a lot about banking and central banking.
Quote from: 25 March @ 1146
Are you going to claim banks don't use fractional reserves?
Quote from: 25 March @ 1157
Dale, yes. They do not use “fractional reserves” in the way you think.

Your perception is widely held, and is based on a misunderstanding of many banking terms, and simply, on reading people like Griffin, rather than things like the Federal Reaerve Act.
Quote from: 25 March @ 1159
If you ask, I will tell you, and tell you how to check what I tell you - not by suggesting you read conspiratorial books, but by showing you the laws which govern bankings, the actual policy papers and statements of central banks, and so on.
Quote from: 25 March @ 1201
Here’s what I’m telling you: I know a lot about banking and central banking.

Evidence?
Quote from: 25 March @ 1208
but by showing you the laws which govern bankings, the actual policy papers and statements of central banks, and so on.

If so, you will increase your Cred with me.
Quote from: 25 March @ 1222
Dale, everything I tell you is checkable from authoritative sources.

For example: the claim is that banks use “fractional reserves” - that is, that they can create loans as some multiple of their reserve balances. So, if the Fed gives them more reserves, they can make more loans.

Thats false.

The Federal Reserve Act allows banks to make loans as a multiple of their CAPITAL.

Reserve balances are not “capital”, to banks.

Traditionally, “capital” is a balance sheet “right side” entry which essentially consists of assets minus liabilities, at the most basic level.

For banks, this isn’t true.

“Bank capital” has a specific meaning, which is “those liabilities which we, the Fed, allow you to count as capital”.

The definition of bank capital is generally specified by the Basel Accords, to which the US is not signatory, but which generally comply with.

Each central bank is tasked with enacting the requirements of the current Basel Accord (they are updated from time to time).

The Fed has done that.

Traditionally, capital was divided into three Tiers - starting with “paid in capital” as Tier 1 - that is, the amount of money that bank stockholders actually paid for their stock in the bank), and Tiers 2 and 3, which consisted of different levels of “risk weighted” capital - that is, bank capital holdings (securities) which have no face values, but must be valuated using GAAP standards (such as mark to market).

Since the Great Recession, the Basel III agreement restricted the definition of bank capital to Tier 1 capital, to encourage a more conservative constraint on bank lending practices.

In no case are central bank reserve balances EVER counted as “bank capital”.

In fact, the role of “reserves” is widely misunderstood (we can go through an intuitive explanation of what reserves are for, which make them quite understandable, if you want).

Banks are allowed to lend amounts of money up to a point where bank capital is a certain percentage of that amount - I’m not sure what that is now, but it has been 12% for years.

So, if a bank has $120 million in “bank capital”, as defined by the Fed’s implementation of Basel, it is allowed to make a total of $1 billion in loans.

That has nothing to do with reserves, and nothing to do with deposits (banks don’t lend deposits - and the amount of deposits held by a bank has nothing to do with the amount of money they can lend).

Banks are not “reserve constrained”, they are “capital constrained.”

I just wrote all of that, on the fly.

If you want to fact check it, we can do that.

But when I say I understand banking, I mean I understand it well enough to write something like that on the fly, and have it be accurate.


20
Discussions; Public Archive / JM
« Last post by Dale Eastman on March 24, 2024, 11:22:36 AM »
In a group infested with VOTARDS, after reading dozens of inane Votard comments, I posted:
Quote from: 23 March 11:54
Fuckin' VOTARDS. Obviously y'all didn't vote hard enough.
Quote from: 23 March 16:00
I suppose you have a better candidate?
Quote from: 23 March 16:15
See if you can wrap your VOTARD mind around these :facts:
Voting for the lessor of two evils means you are voting for evil;
You are NOT voting for a Leader, you are voting for a ruler that will hurt you if you don't obey;
Your vote for a politician does NOT give the politician a right to rule me.
Natural Law mattered when the Magna Carta was written in 1215.
Natural Law mattered when the Declaration of Independence was written in 1776.
Natural Law matters when another human attempts to harm you.
Natural Law matters when another human does harm you and refuses to fix the harm.
Quote from: 23 March 17:07
you’re starting a revolution against the government I take. Good luck with that. Sounds as if you have terrorism on your mind?
Quote from: 23 March 17:57
STFU until you actually read what I wrote.
Quote from: 23 March 18:06
Voting for the lessor of two evils means you are voting for evil
1. True or False?

You are NOT voting for a Leader, you are voting for a ruler that will hurt you if you don't obey;
2. True or False?

Your vote for a politician does NOT give the politician a right to rule me.
3. True or False?
Quote from: 23 March 18:22
Dale Eastman false! As much as I don’t like President Trump- I liked his policies and agendas. There is a night and day difference between him and Biden. We will be a ruled communist country if Biden gets back in. We all know both sides lie and prosper from all of their political fallacies. That being said - At this point in our country’s democracy we must stop what Biden is doing to our country. There’s no doubt I would love to be voting for a honest and truthful person. We don’t have that luxury now. We have to stop the stupidity going on in our country now.
Quote from: 23 March 19:54
I asked you THREE questions. I even numbered the questions. Which numbered question are you answering?
Quote from: 23 March 19:57
Dale Eastman I’ll stick to my statement. Period
Quote from: 23 March 19:58
Dale Eastman you have no choice at this time but to get the Biden administration out of office. Period
Quote from: 23 March 20:02
How about you answer three simple questions and prove to me you're not the VOTARD I now believe you are
Quote from: 23 March 20:02
Dale Eastman no need VOTELESS
Quote from: 23 March 20:03
Dale Eastman your VOTE doesn’t count
Quote from: 23 March 20:06
I asked you three specific questions... You are a brain-dead COWARD.
Quote from: 23 March 20:12
Dale Eastman go create havoc somewhere else vigilante.
Quote from: 23 March 20:13
You talking to me?
https://synapticsparks.info/government/ExaminingVoting.html
Quote from: 23 March 20:22
I see you're showing off your IQ.
Quote from: 23 March 20:26
Dale Eastman yawn
Quote from: 25 March 10:46
If a person is publicly posting their words they want to convey an opinion, a fact, an observation, a feeling, a belief, or even something a little more complex like an Ideology.

Or they just want to be an asshole troll for the purpose of annoying others.

Sometimes the intent is not immediately discernible.

What is your purpose in replying to my post in the first place?

What do you actually want to make humans aware of?
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