# Pitman's view on Money/Economy \[split\] **URL:** https://forums.speedlife.net/t/pitmans-view-on-money-economy-split/266129 **Category:** Shift518 Off Topic **Created:** [January 28, 2013, 9:30am UTC](https://forums.speedlife.net/t/pitmans-view-on-money-economy-split/266129 "2013-01-28T09:30:06Z") **Posts on this page:** 1 **Showing post:** 48
### Author: ![McBitchin](https://avatars.discourse-cdn.com/v4/letter/m/ecc23a/32.png) [@McBitchin](https://forums.speedlife.net/u/McBitchin) #### Post date: [January 31, 2013, 11:56am UTC](https://forums.speedlife.net/t/pitmans-view-on-money-economy-split/266129/48 "2013-01-31T11:56:14Z")
> [@Cougarspeed: I AM F'ING AWESOME!](https://forums.speedlife.net/t/cougarspeed-i-am-fing-awesome/51488/130): > > federal reserve is a big pyrmid sceme > > barter systems fail too. not the best form of trade. money backed by gold/silver is the best imo. > > also vlad not all american money is backed by the people. look up fractional banking. its when a bank is allowed to loan out more than it has to profit. so if a bank practices that and has $1 they can legally loan $2 or more out. creating money out of air makes them profit and hurts our economy. actually for every dollar you put in the bank last I checked they could lend 10. now what if a bank gets a dollar, turns it into ten, then gives each of those dollars to other banks so they can turn those dollars into 10 more dollars and so on. totally illegitimate, I’m not siding with anyone here, but our currency system and process of getting money into circulation is seriously flawed. A banker told me we put money into circulation by borrowing it from ourselves(fed). I couldn’t grasp how that is logical --- _[View the full topic](https://forums.speedlife.net/t/pitmans-view-on-money-economy-split/266129)._