Author Topic: ASK JTF 07/13/22 - Chaim Ben Pesach answers questions from JTFers  (Read 5770 times)

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Online Chaim Ben Pesach

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בס''ד

1. Video version on Rumble (the program is 60 minutes this week): https://rumble.com/embed/v19k0uh/?pub=ltn9b

2. Video version on Odysee: https://odysee.com/@JTF.ORG:4/59:39

3. For those who would like to download the file for their MP3 players or iPods: http://www.jtf.org/ask/2022-07-13.mp3

Online Hrvatski Noahid

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Re: ASK JTF 07/13/22 - Chaim Ben Pesach answers questions from JTFers
« Reply #1 on: July 13, 2022, 05:38:02 PM »
Well done, Chaim!
Gentiles are obligated to fulfill the Seven Noahide Commandments because they are the eternal command of God, transmitted through Moses our teacher in the Torah. The main and best book on details of Noahide observance is "The Divine Code" by Rabbi Moshe Weiner.

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Offline chicagojew

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Re: ASK JTF 07/13/22 - Chaim Ben Pesach answers questions from JTFers
« Reply #2 on: July 14, 2022, 01:49:25 PM »
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Offline Scandinavian Noahide

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Re: ASK JTF 07/13/22 - Chaim Ben Pesach answers questions from JTFers
« Reply #3 on: July 14, 2022, 04:27:35 PM »
Great answer, Chaim.

You are completely right about the potential dangers of fractional reserve banking. Furthermore, it drives the business cycle by affecting interest rates and thereby creating an illusion of having more saved recourses to be used for large projects during the period of artificial economic growth in the years before the inevitable recession hits. Because of this, I think that the practice should be outlawed entirely.

Lending would still be possible under a full reserve system. For as you say, lending is a necessity. The 100% reserve would only be required for demand deposits. There would still be created loans from time deposits. The problem with fractional reserve banking is the creation of loans from demand deposits. This, of course, is contrary to the original purpose and nature of demand deposits.