GIVINGisGREAT Posted March 26, 2012 Report Share Posted March 26, 2012 Good Afternoon Dinar Friends, I'm doing a class paper on Dinar and wanted to try to explain Fractionalized Banking...I know I have seen articles about it here but when I put that term in the SEARCH Box, it doesn't really take me to a section specialized for that term. Does anyone out there have access that can send me to a specific spot for that info? (Google doesn't help much either) Thank You, Brian Link to comment Share on other sites More sharing options...
BigFrankD Posted March 26, 2012 Report Share Posted March 26, 2012 http://en.m.wikipedia.org/wiki/Fractional_reserve_banking Link to comment Share on other sites More sharing options...
jmw Posted March 26, 2012 Report Share Posted March 26, 2012 Try googleing "fractional reserve banking" http://www.investopedia.com/terms/f/fractionalreservebanking.asp#axzz1qFnAgN9d Also, FWIW...fractional reserve banking doesn't apply to covering the dinar...it is only a requirement for commercial banks...not central banks. 2 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted March 26, 2012 Report Share Posted March 26, 2012 ***///BSB***/// FRACTIONALIZED BANKING... by 'Ol Sarge: When enough bombs go off in Iraq to split the CBI wide open and a RV falls out. ['ol sarge is back! -- ] 2 Link to comment Share on other sites More sharing options...
The Machine Posted March 26, 2012 Report Share Posted March 26, 2012 ***///BSB***/// FRACTIONALIZED BANKING... by 'Ol Sarge: When enough bombs go off in Iraq to split the CBI wide open and a RV falls out. ['ol sarge is back! -- ] ha ha ha I actually sprayed mt tea all over my screen reading that lol ...... Love it 1 Link to comment Share on other sites More sharing options...
GIVINGisGREAT Posted March 26, 2012 Author Report Share Posted March 26, 2012 It seems to me that I have seen articles here that explained how the formula works for the oil/Dinar...How they spend approximately $4 to produce a barrel of oil, and how when we cash in Dinar it is held in Banks and the United States get credit towards oil...I probably butchered that explanation but I'm sure I have seen something to that effect. Thanks Again. Link to comment Share on other sites More sharing options...
keepmwlknfny Posted March 26, 2012 Report Share Posted March 26, 2012 It seems to me that I have seen articles here that explained how the formula works for the oil/Dinar...How they spend approximately $4 to produce a barrel of oil, and how when we cash in Dinar it is held in Banks and the United States get credit towards oil...I probably butchered that explanation but I'm sure I have seen something to that effect. Thanks Again. I wouldnt put too much faith in that scenario because the fact is that it doesnt explain how the dinar would be backed at a higher value....a lot of people try to say that with fractional banking, Iraq can cover almost any amount of a RV because you dont have to have it all there. But it doesnt apply to central banks and backing the value of their currency.....its used by commercial banks for loans and financing.... 1 3 Link to comment Share on other sites More sharing options...
MrFnHappy Posted March 26, 2012 Report Share Posted March 26, 2012 I wouldnt put too much faith in that scenario because the fact is that it doesnt explain how the dinar would be backed at a higher value....a lot of people try to say that with fractional banking, Iraq can cover almost any amount of a RV because you dont have to have it all there. But it doesnt apply to central banks and backing the value of their currency.....its used by commercial banks for loans and financing.... Correct. Fractional banking is why Iraq's M2 is more than double the physical cash in circulation. BTW, how's the family? 1 Link to comment Share on other sites More sharing options...
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