GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Can St Kitts still trade / invest our frozen money...?

Sly · 09-30-2010, 07:23 AM

An American bank would need to hold a certain percentage of all deposits in reserves, but I think there is some misconception here. There isn't a big vault in the back of the bank holding cash. Once you deposit, "your money" is simply a number in some computers. It is not hard cash. The minute you deposit, that money is gone on to other things... investments, loans, whatever.

So yes, they have spent every penny of "your money" And most likely have already made profit from it. That's what a bank does.

09-30-2010, 07:23 AM
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,344	An American bank would need to hold a certain percentage of all deposits in reserves, but I think there is some misconception here. There isn't a big vault in the back of the bank holding cash. Once you deposit, "your money" is simply a number in some computers. It is not hard cash. The minute you deposit, that money is gone on to other things... investments, loans, whatever. So yes, they have spent every penny of "your money" And most likely have already made profit from it. That's what a bank does. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.