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Jul 5, 2009

Another one of our "Notable Faces of the CM Website" interviews. This time around we speak with Patrick Brown. Our conversation centers around a forum posting he put up on the 'bad rap that Fractional Reserve Banking gets'. A somewhat contrarian viewpoint to what I believed to be a flawed system.

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Wiseman
over five years ago

Kudos! What a neat way of thikning about it. http://pahiplrco.com [url=http://derdhexhmr.com]derdhexhmr[/url] [link=http://dljomrqiya.com]dljomrqiya[/link]

Slim
over five years ago

Banks laundering the non-existant money (that we carete) into their unjustified possession´╗┐ and charging interest forces people to pay out of circulation more than exists in circulation at all times which is circulatory deflation and which causes price inflation consumers experienceThis subverted form of money can never hold its value because more and more of every dollar is dedicated to servicing an ever greater sum of debt versus sustaining commerce which must pay for that debt

Alee
over five years ago

Hello Patricia,I have has a long email exchange rentlecy with Andy Sirkin, and we agree to differ, although we are in accord on many points I will be editing and publishing our exchanges as it touches on some very important points relating to Fractional ownership in France.My personal experience is that if you create an offshore company to hold the shares of a French property company, you are makng big future problems for yourself with taxes capital gains, corporation, personal and business taxes.The point we agree on is that any rentals done by any of the owners must not be anything to do with the property company. My opinion is that this makes third party rentals (or exchanges) impossible without incurring tax liabilities. http://biqbpehn.com [url=http://evtiqlcs.com]evtiqlcs[/url] [link=http://vlzqblwvog.com]vlzqblwvog[/link]

Minguito
over five years ago

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