“United States” can mean at least two things: the many states of the union and a corporation. There may also be a Supreme Court ruling that acknowledges ‘United States’ can mean three things. For this post, I will focus on the fact that United States is a plural reference as one might say landlocked states […]
Suddenly the post about the microprint on checks is getting traffic so I added that bank checks also have the letters MP beside the signature line. MP stands for microprint, meaning the line where one signs ‘the name’ is actually very small print that says Authorized Signature. Related Banks don’t take deposits, don’t lend money […]
It’s now again possible to watch the video about how banks don’t loan money (they buy securities). Many thanks to @notporc for pointing out the broken video embed and for providing a link to a new video. See the video here.
The bible is a law and banking document. For example, the idea of redemption is in the bible and also important in finance. Supposedly, one must redeem a bond to get out of prison, since most people are in prison for refusing to pay a debt they don’t even know exists. Get the bond and […]
It’s a miracle!! Richard Werner, an economist and professor, explains how banks really work. They don’t take deposits and they don’t lend money. A summary and full transcript appears below the video! I typed it out because it’s so important. (Hat tip to @notporc for providing the new video.) — Begin Transcript — Banks are […]
On a paper bank check, for a checking account, the line under the signature is actually microprint, not a line. According to this post, the line says, “Authorized Signature.” Beside the line are the letters ‘MP’ – standing for…micro print! The banks are obviously trying to hide this. The word “DOLLARS” appears clearly but they […]