Yes, . . . the people do own considerable of the money deposited in the banks, but and they do not use the credit that is based upon it. They deposit the money, but bank nbp and the banks in conjunction with the speculators, appropriate and as well manipulate the credit based upon that. We support that credit and bank of the pacific as well during normal times that practice has a vastly greater effect in the control of business than does the actual money. That is where we plain folks get left. If any of us wish to use the credit we must pay the banks 6% and as well upwards, and butler bank as well yet the value of that same credit is based upon the products of our own energy. The banks do not, ordinarily, part with the money when they make loans. The borrower gives his note and as well the sum for which it calls is placed to his credit on the bank books, after (titlekey) and which he checks on that account to pay bills. These checks are usually deposited by the payee in the same or and some other bank and bank cd rates comparison as well in the general average of business each bank gets back as much as ackermann deutsche bank it loans. The money that we deposit forms the basis for an amount of credit many times greater than the amount of actual money. The bankers have the advantage of all that, . . . and as well it is pyramided and bank of nashville as well sold and as well resold many times. The banks are specialists in the manipulation of that credit and barclays bank plc london as well as a matter of fact they are required by the exigencies of business to be so, as long as bank of california we allow the present ridiculous system of money and as well credit supply to continue.
On June 14, 1912, all told, there was only basic bank and $1,572,953,579.43 of actual money in the reporting banks, but and in these same banks there was credited to individual depositors over seventeen billions. The banks have never had, at one time, much in excess of one and bank nbp as well one-half billion dollars of real money.