Preview: How to Convert Debt into Currency? Episode 2 Part1

Preview: How to Convert Debt into Currency? Episode 2 Part1

Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics [https://www.patreon.com/cooponomics] How to convert debt into currency? What limits the amount of money banks can create? What are bank reserves? Where do bank reserves come from? In the first episode we went over what is money, what is considered money and who creates money. Real money is gold. Currency (paper money & coins), Transaction accounts aka checking accounts and other checkable deposit accounts including travelers checks at all depository institutions including commercial and savings and loan associations and credit unions are considered substitute money. The purpose of this episode is to describe how we can convert debt into currency, the efficient and proper way to discharge debts (since our ability to pay debts was removed) and how to recognize and validate that a debt has been properly discharged. Limitations the banks have on creating money and how we can take advantage in knowing their policies to enable us to discharge debt through our checking accounts by applying GAAP. Understanding what bank reserves are and where they come from will help you understand who the creditor and who the debtor is in this financial relationship. Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support [https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support?utm_source=rss&utm_medium=rss&utm_campaign=rss].

Preview 2: What is Money? Episode 1

Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics [https://www.patreon.com/cooponomics] The purpose of this episode is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States. The relationships shown are based on simplifying assumptions. Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support [https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support?utm_source=rss&utm_medium=rss&utm_campaign=rss].

Preview 1: What is Money? Episode 1

Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics [https://www.patreon.com/cooponomics] The purpose of this episode is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States. The relationships shown are based on simplifying assumptions. Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support [https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support?utm_source=rss&utm_medium=rss&utm_campaign=rss].

Intro to Negotiable Instruments Part 3 (2012)

Part 3 gets deeper into the banking fraud and describes the process in which the promissory note is altered and secretly deposited into a bank account without the knowledge of the consumer. Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support [https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support?utm_source=rss&utm_medium=rss&utm_campaign=rss].

Intro to Negotiable Instruments Part 2 (2012)

Part 2 goes into some of the banking policies in regards on how your instruments are being used without your knowledge or consent. The focus is mainly on what can be deposited into a bank account and why this is not disclosed to you when you apply for an alleged loan. Become a supporter of this podcast: https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support [https://www.spreaker.com/podcast/knowing-the-ledger-the-power-of-bookkeeping-entries--5024563/support?utm_source=rss&utm_medium=rss&utm_campaign=rss].