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Tinkercad is a fantastic online platform for creating 3D models, circuits, and designs. It's particularly popular for its ease of use, making it a great choice for beginners and students who are learning about 3D design and electronics. Here are some reasons why Tinkercad is considered great:
You can access Tinkercad by visiting their official website: https://www.tinkercad.com/ User-Friendly Interface: Tinkercad offers a simple and intuitive interface that allows users to easily create 3D models and circuits without the need for extensive technical knowledge.< Read More
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alphamale: Yep I use this site to make my 3d printing files.. 100% free and love it!!
An atrocity has occurred, and it's time to wake up and recognize the danger we face. A man was pulled over by the police, supposedly for erratic driving, but what unfolded next was nothing short of murder.
Two officers approached the vehicle, one with a gun drawn. As the driver rolled up his window, he was shot multiple times and killed. The police lied about what happened, claiming the victim had a knife and was out of the vehicle. Video evidence proves this to be a blatant falsehood.
The city's response? Silence. A promise of a future press conference. The public's reaction? No Read More
Fractional reserve banking is a system in which banks are required to hold only a fraction of their deposit liabilities in reserve, with the rest being available for lending or investment. Here's how it works and who it benefits: How It Works:
Deposits and Reserves: When customers deposit money into a bank, the bank is required to keep a fraction of that money in reserve. This reserve requirement is typically set by the central bank or other regulatory authorities.
Lending and Investment: The remaining portion of the deposits Read More
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mitch: The process by which banks amplify or create money through fractional reserve banking is often referred to as the "money multiplier effect." Here's how it works, step by step:
1. Initial Deposit:
Customer A deposits $1000 in Bank X.
Bank X keeps a fraction in reserve (let's say 10%, or $100) and is free to lend out the rest ($900).
2. First Loan:
Bank X lends $900 to Customer B.
Customer B spends the $900, and the recipient of that money deposits it in Bank Y.
3. Second Bank's Actions:
Bank Y now has a new deposit of $900.
It keeps 10% in reserve ($90) and lends out the remaining $810 to Customer C.
4. Process Continues:
This process continues as the money is spent, deposited in other banks, and then lent out again, each time with a fraction kept in reserve.
5. Money Multiplier Effect:
As this process repeats, more and more money is "created" in the form of loans and deposits.
The total amount of money created depends on the reserve ratio. In our example, with a 10% reserve ratio, the total money created could be up to $10,000 (including the initial deposit).
The Formula:
The money multiplier can be calculated using the formula: 1 / Reserve Ratio.
In our example, the multiplier is 1 / 0.10 = 10, so the initial deposit of $1000 can lead to a total of $10,000 in the banking system.
Important Considerations:
Not Infinite: The process doesn't create an infinite amount of money. It's limited by the reserve ratio and the willingness of people to borrow and deposit money.
Confidence: The system relies on confidence. If everyone tried to withdraw their deposits at once, the banks wouldn't have enough reserves to cover it, leading to a bank run.
Central Bank Role: Central banks often set the reserve requirements and can influence the money supply through this and other monetary policy tools.
Inflation: If this process is not managed properly, it can lead to inflation, as an excessive increase in the money supply may drive up prices.
Conclusion:
The money creation process in fractional reserve banking is a powerful mechanism that allows a small amount of initial deposits to be multiplied into a much larger amount of money in the economy. It's a fundamental aspect of modern banking that facilitates lending and growth but must be managed with care to maintain stability and control inflation.
"Collin Rugg @CollinRugg BREAKING: The United States has just sent another $200 million in aid to Ukraine.
$200 million to Ukraine today and Maui doesn't even get a comment.
As American citizens in Lahaina, Maui suffer from the loss of life and property President Joe Biden has just sent $200M worth of artillery rounds, air defense munitions and other weapons to Ukraine.
Nearly 100 people have been confirmed dead in the Maui fires, over 2000 structures have been destroyed and thousands have been displaced.
Trump supporters going around saying "Aemricans are outraged that Biden is on abeach while the island burns".
First off, I have yet to hear from one outraged American.
Second off, what do you want him to do, pick up a hammer and start rebuilding with his own hands. No President EVER at least in my 55 years has ever did that, except Jimmy Carter and the republican party made fun of him for doing it.
So does Trump's fan base believe in handouts for everyone or doe it believe in being self supportive. Which is it folks?
I mean you can't on one had say, NO HANDOUTS an Read More
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