No. In the modern age a bank doesn't wait until it has enough deposits to enable them to lend more money. They create the money for your loan from nothing - simply by depositing it in your account (electronically - no cash needed). Now that they have created the money for your loan they check that they have enough in the reserves to cover their legal requirements, if they don't they borrow what they need in the form of inter-bank loans (at much lower interest rates than you or I would ever get).
The point being, deposits have no bearing on how much a bank can lend - this is a myth. Banks create money when they issue loans. Banks borrow money when they need to top up their reserves. At no time does a modern bank take your deposit and lend it to someone else.
As has been pointed out above, this is not actually how banks work these days. Yes, they are required by law to hold 'reserves' - which are determined as a percentage of their loan values - but they do not create their loans from deposits. When you take out a loan from a bank they actually create that money (from thin air) by creating a deposit in your account.
This is a fact, which makes it very worrying that even economists are still taught the myth of 'fractional reserve banking'
Actually what annoys me more is the concept of the parents just abandoning their child, presumably because they are too busy working 24/7 so they can afford $1000 ipads and a city centre house with a garden.
'Take your computer and fuck off out the house' 'What's a computer?' 'Less of your cheek. I've got to get a pointless report over to the boss before 11pm'
Most LGBT people I know have the same agenda as everyone else - to live a nice normal life. Your fantasies about gay people coming to 'get you' say more about yourself than anything else (but you know what, its OK)
I don't disagree with what you say, except I think the big losers are the viewers (as always). Netflix will just become one of many online portals providing their own content - they are clearly big enough to finish that transition and really have no choice now. But that leaves viewers still looking for somewhere they can get all the content they want at a reasonable price (and across platforms - which is a big deal for some).
Basically, a win for piracy as content owners shoot themselves in the foot again.
As the AC said - you are describing Netflix (except for the number of employees). Since Netflix are slowly losing content from more and more studios what makes you think the content makers are going to allow other companies to come along and aggregate it?
The closest to what you describe are the grey/black market services such as those provided through Kodi. With the right Kodi plugins you can stream anything on demand and it costs nothing but time (e.g. its a little bit less user friendly to setup and keep running). So as always, these guys think they are competing against each other, when in reality they are competing against piracy.
DisneyFlix will only become a 'rival to Netflix' because Netflix is being forced to become less of an aggregator and more of a distributor of its own content. So Netflix will become worse and Disney will only fill the void for content owned by Disney. I'm not saying anything new here - but welcome to the world of paying for multiple streaming providers (or piracy).
Perhaps its time to think about some form of compulsory copyright licenses (as per music on the radio, or cable retransmissions).
There are founding principles? Of what? The world? Mankind? Facebook? Your house? Or (despite the summary saying this isn't a uniquely USian issue) are you just being pathetically parochial?
I hate to say it because it just sounds like a bitch - but the view that 'other peoples opinions are the problem' IS THE PROBLEM!
I don't think its a new phenomenon, its just amplified by internet. Why bother with the nuances and ambiguities of the world when you can just pick an extreme and batter people over the head with it. Facebook will even help filter your life to fit your echo chamber.
Maybe the opinions you agree with are just shit and badly expressed? Its funny how many people who like to think they are 'non-mainstream' also think that everyone mainstream is just a stupid sheep. I actually usually find the opinions of people who use phrases like 'group-think', 'mindless masses', 'sheep' and (worst of all) 'sheeple' to be boring and lacking critical thought. Perhaps they are too dumb to understand all the nuances the rest of us see (which I think is also the issue with many who dabble in conspiracy theories).
From my experience many simply want to put themselves back in the centre of the universe - its a spiritual thing. Basically, they don't want to buy into the 'nihilistic' perspective that it is an uncaring universe and they are a tiny irrerevant spec (not how they would put it, but from reading between the lines and knowing them personally). Flat Earth and many other conspiracies help them create a world view where not only is the Earth at the centre of a much simpler universe (one probably created by God/Gods/Spiritual aliens) but they are also now 'in on' the great secrets.
Doesn't mean its your God though. Or even a human God. Or even something you'd recognise as a God. In fact if we accept your proof at all then it pretty much disproves the existence of YOUR God.
Slashdot Mirror
No. In the modern age a bank doesn't wait until it has enough deposits to enable them to lend more money. They create the money for your loan from nothing - simply by depositing it in your account (electronically - no cash needed). Now that they have created the money for your loan they check that they have enough in the reserves to cover their legal requirements, if they don't they borrow what they need in the form of inter-bank loans (at much lower interest rates than you or I would ever get).
The point being, deposits have no bearing on how much a bank can lend - this is a myth. Banks create money when they issue loans. Banks borrow money when they need to top up their reserves. At no time does a modern bank take your deposit and lend it to someone else.
As has been pointed out above, this is not actually how banks work these days. Yes, they are required by law to hold 'reserves' - which are determined as a percentage of their loan values - but they do not create their loans from deposits. When you take out a loan from a bank they actually create that money (from thin air) by creating a deposit in your account.
This is a fact, which makes it very worrying that even economists are still taught the myth of 'fractional reserve banking'
Yes, in some fields we reached the point where the final scientific question can only be logically answered with... God!
Which one?
Yeh, OK. I just realised that might be a Scottish/UK idiom ("stop your disrespect and back-talk").
Actually what annoys me more is the concept of the parents just abandoning their child, presumably because they are too busy working 24/7 so they can afford $1000 ipads and a city centre house with a garden.
'Take your computer and fuck off out the house'
'What's a computer?'
'Less of your cheek. I've got to get a pointless report over to the boss before 11pm'
and my wife had to carry all the luggage.
See, every cloud does have a silver lining
Now try again in English.
Most LGBT people I know have the same agenda as everyone else - to live a nice normal life. Your fantasies about gay people coming to 'get you' say more about yourself than anything else (but you know what, its OK)
I don't disagree with what you say, except I think the big losers are the viewers (as always). Netflix will just become one of many online portals providing their own content - they are clearly big enough to finish that transition and really have no choice now. But that leaves viewers still looking for somewhere they can get all the content they want at a reasonable price (and across platforms - which is a big deal for some).
Basically, a win for piracy as content owners shoot themselves in the foot again.
As the AC said - you are describing Netflix (except for the number of employees). Since Netflix are slowly losing content from more and more studios what makes you think the content makers are going to allow other companies to come along and aggregate it?
The closest to what you describe are the grey/black market services such as those provided through Kodi. With the right Kodi plugins you can stream anything on demand and it costs nothing but time (e.g. its a little bit less user friendly to setup and keep running). So as always, these guys think they are competing against each other, when in reality they are competing against piracy.
DisneyFlix will only become a 'rival to Netflix' because Netflix is being forced to become less of an aggregator and more of a distributor of its own content. So Netflix will become worse and Disney will only fill the void for content owned by Disney. I'm not saying anything new here - but welcome to the world of paying for multiple streaming providers (or piracy).
Perhaps its time to think about some form of compulsory copyright licenses (as per music on the radio, or cable retransmissions).
Is it these Denver lights? http://www.thedenverchannel.co...
Well said (I know its a boring thing to say, but I've got nothing to add)
So what particular hardship did you live through that made you the man you are today?
There are founding principles? Of what? The world? Mankind? Facebook? Your house? Or (despite the summary saying this isn't a uniquely USian issue) are you just being pathetically parochial?
I hate to say it because it just sounds like a bitch - but the view that 'other peoples opinions are the problem' IS THE PROBLEM!
I don't think its a new phenomenon, its just amplified by internet. Why bother with the nuances and ambiguities of the world when you can just pick an extreme and batter people over the head with it. Facebook will even help filter your life to fit your echo chamber.
Maybe the opinions you agree with are just shit and badly expressed? Its funny how many people who like to think they are 'non-mainstream' also think that everyone mainstream is just a stupid sheep. I actually usually find the opinions of people who use phrases like 'group-think', 'mindless masses', 'sheep' and (worst of all) 'sheeple' to be boring and lacking critical thought. Perhaps they are too dumb to understand all the nuances the rest of us see (which I think is also the issue with many who dabble in conspiracy theories).
About half past six
Exactly. At one level I have to admire their world building skills. They should channel it into game design instead.
From my experience many simply want to put themselves back in the centre of the universe - its a spiritual thing. Basically, they don't want to buy into the 'nihilistic' perspective that it is an uncaring universe and they are a tiny irrerevant spec (not how they would put it, but from reading between the lines and knowing them personally). Flat Earth and many other conspiracies help them create a world view where not only is the Earth at the centre of a much simpler universe (one probably created by God/Gods/Spiritual aliens) but they are also now 'in on' the great secrets.
Doesn't mean its your God though. Or even a human God. Or even something you'd recognise as a God. In fact if we accept your proof at all then it pretty much disproves the existence of YOUR God.
https://en.wikipedia.org/wiki/...
Good idea. I await your plans with bated breath.
Come on. You're not even trying. Back to troll school for you.
C'mon, you could at least try and put together a coherent troll. This is just pathetic.