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Why does no one care that when a bank gives a loan they create money out of thin air? |
In England there is a The Money Reform Party dedicated to spreading awareness that we are being charged interest on money which never existed until the loan was created. In financial jargon it's called Fractional-reserve banking. http://www.moneyreformparty.org.uk/intro... http://en.wikipedia.org/wiki/fractional-... http://truth_seeker.gnn.tv/A01... That's a fantastic question. I've pondered that for a bit, but thought of the optimal solution. "Start My Own Bank" It is mind boggling to me as well. WE, The people are making the banks rich. It's like me having $100 dollars to my name and wanting to purchase an apartment building for $1 Million. I attempt to get 1,000 thousand people (fools) to each put $100 dollars a piece towards my purchase to own it. 1000 clients @ $100 a piece = $100,000 But $100,000 = $1 Million from the fractional reserve system Hence: 1000 Clients * 100 = $100,000 $100,000 * 10 from fractional reserve = $1 Million $900,000 out of thin air is correct. I now can purchase an apartment building and rent it out to whomever. Lets say the apartment building has 100 units. I rent the units at 500 a piece a month. 100 units * 500= 50,000 a month from rent I'll pay interest on the $100,000 initially given to me of 6% by law. That's only $6,000 dollars a month. I gross $44,000 a month off of 1 investment. The may have staff and other overhead, but the fact still remains that we bought this building for $100 dollars and used other people and made money out of thin air. Anyone that doesn't see this picture is lost. The U.S. doesn't even own our own money. If we do, how do we have debt. The Feds, a private organization own us. The international bankers. If we stopped this nonsense and made our own U.S money, we could clear out our debt in 1 month. Go here. http://video.google.com/videoplay?docid=... Masters Source(s): ME word: it ain't thin air, it comes from everyone else's money. Clearly the money does exist though doesn't it. Banks have lots of money - that's kind of what they're for. They also invest it to give savers interest. Another way of bringing more money into the bank, and hence a proportion onto savers, is charging interest to those taking out loans. Try reading some good books rather than absorbing web based toss. Why would any bank give you a loan if they was not making money , you talking stupid there is nothing in life as free money banks got to make there money somewhere. lol Funniest s**t I read all day More money means more money that can be invested. Example: I find $1000 in my house, put it in the bank. The bank is only required to hold 10%, so they loan out $9000 to Ed. Ed spends that $9000 on a car. Car company puts that money in bank account, bank keeps 10%, loans Nancy $8100. This goes on, eventually creating...damn I wish I had my econ notebook on me. Anyways, by creating money, businesses and people are able to invest money and expand upon capital, which in the long run will pay off the interest charged by the bank. No one cares because more money is a good thing. |
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