Do banks "borrow" fiat money from the fed and do they pay interest to our gov't on this fiat money? I am especially interested in all the "excess liquidity" that was injected pre-Y2K and even prior to Y2k. Does this "excess Liquidity" just mean the bankers are swimming in cash and can't wait to loan it out to start making money off of it? -hence making riskier and riskier loans to more and more people? Also, one last question: If a bank is about to go belly up can they demand you pay your mortgage loan back to them in a lump sum? Lastly, what happens if your mortgage bank is insolvent/broke, who would you pay your mortgage to? Thanks for the info.

-- Tom Amos (Sprngdot@AOL.com), January 20, 2000

Answers

Here is an excellent link that KOS posted recently:

Understanding Money

Ray

-- Ray (ray@totacc.com), January 20, 2000.

It comes in an armoured truck.

-- Johnny (jljtm@bellsouth.net), January 20, 2000.

You simply MUST listen to the following audio series - THE MONEY MASTERS

http:/ /www.fortunecity.com/roswell/shaman/154/money.html

-- Phil Erup (root@all.evil), January 20, 2000.