Ein bisschen stolz bin ich doch auf mein neuestes Werk. Deshalb will ich hier einen Auszug aus dem Buch bringen, Theme, wie entstand die Zentralbank.
---------------------------------------------------------------------------------------------
Let’s take a look at how the central-bank system came about and works.
Let’s assume in the good old days of the wild west, Billy The Kid, who resided in Tombstone, wanted to buy a new rifle from Mr. Wilson, an armorer who lived in Dorsen City. Both where customers at different banks. One, we will call the Tombstone City-Bank. The other the Dorsen Rural-Bank.
Billy went to his bank and told his bank clerk to transfer the payment to the producer of his new rifle so he can send the merchandise. The Tombstone bank clerk then sent a telegraph to his colleague at the Dorsen Rural-Bank bank and informed them that the payment has been made. Mr. Wilson, in turn, went to his bank and redrew the sum, Billy, has transferred.
But halt, isn’t there something wrong? The money hasn’t yet been moved. The Tombstone CIty-Bank had only advanced the amount and thus created a debit for the Dorsen Rural-Bank that has still to be balanced. Since this kind of transfer took place many times a month, rifles at those times where popular goods, once a month they sent a carriage from Dorsen City to Tombstone with a due amount of gold, to settle the difference they had.
So far, so good.
If it weren’t for the robbers, a prevalent occupation at that time. They forced the carriage to halt and let the wagon go again. Without the gold, naturally.
Times went by, and the losses in gold rose.
Finally, one of the bankers had a brilliant idea; “Why not founding the third bank in whatever country. Then we deposit all of our gold there, and whenever we have to make a transfer like the one between Billy and Mr. Wilson, it takes a mere telegram, and this Central Bank then transfers the due amount to the respective account.”
Said and done.
The Central Bank system was established.
Thus, The Central Bank now took the part of the creditor. Since the amount of gold deposited always had to be sufficient. So it gave credit to all the members if needed. Every bank, better customer, had different creditworthiness and had to pay a different rate of interest.
The combined interest then established the base rate.
Ich hoffe die kleine Geschichte gefällt euch.
---------------------------------------------------------------------------------------------
Let’s take a look at how the central-bank system came about and works.
Let’s assume in the good old days of the wild west, Billy The Kid, who resided in Tombstone, wanted to buy a new rifle from Mr. Wilson, an armorer who lived in Dorsen City. Both where customers at different banks. One, we will call the Tombstone City-Bank. The other the Dorsen Rural-Bank.
Billy went to his bank and told his bank clerk to transfer the payment to the producer of his new rifle so he can send the merchandise. The Tombstone bank clerk then sent a telegraph to his colleague at the Dorsen Rural-Bank bank and informed them that the payment has been made. Mr. Wilson, in turn, went to his bank and redrew the sum, Billy, has transferred.
But halt, isn’t there something wrong? The money hasn’t yet been moved. The Tombstone CIty-Bank had only advanced the amount and thus created a debit for the Dorsen Rural-Bank that has still to be balanced. Since this kind of transfer took place many times a month, rifles at those times where popular goods, once a month they sent a carriage from Dorsen City to Tombstone with a due amount of gold, to settle the difference they had.
So far, so good.
If it weren’t for the robbers, a prevalent occupation at that time. They forced the carriage to halt and let the wagon go again. Without the gold, naturally.
Times went by, and the losses in gold rose.
Finally, one of the bankers had a brilliant idea; “Why not founding the third bank in whatever country. Then we deposit all of our gold there, and whenever we have to make a transfer like the one between Billy and Mr. Wilson, it takes a mere telegram, and this Central Bank then transfers the due amount to the respective account.”
Said and done.
The Central Bank system was established.
Thus, The Central Bank now took the part of the creditor. Since the amount of gold deposited always had to be sufficient. So it gave credit to all the members if needed. Every bank, better customer, had different creditworthiness and had to pay a different rate of interest.
The combined interest then established the base rate.
Ich hoffe die kleine Geschichte gefällt euch.