Quote:
Originally Posted by Guest View Post
So you know that "banking" is just a giant Ponzi scheme?
That the banks get "credit" from the Fed and use that to "create money" that they "lend" to you for interest?
Did you get your "million dollar bonus" while some poor fool who lost their job gets their stuff "repossessed" because they can't make the interest payments?
You know that the bank didn't really have anything to lose when they "loaned the money" but everything to gain when they repossess?
Banking is stealing.
Quote:
Originally Posted by Guest
Amazingly ignorant analysis . Clearly no understanding of finance or accounting . etc .
And I will not take the bait and get into it with you because ithe subject matter is obviously too complex for your emotion driven little mind .
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You won't get into it with me because you know I'm right and "banking" IS stealing. Federal reserve "Money" is debt, nothing more.
Banking is a Ponzi?
modern banking is a ponzi scheme - Google Search
Modern fractional reserve banking is stealing. The same money is lent over and over, each time interest is charged. You're STEALING from people. What did the bank "put up" for the loan? An entry into a ledger. That is ALL the bank has on the line. And they collect interest for that.
modern banking is a ponzi scheme - Google Search
" Banks create new money whenever they make loans. 97% of the money in the economy today is created by banks, whilst just 3% is created by the government."
modern banking is a ponzi scheme - Google Search
"Bankers Reaped Lavish Bonuses During Bailouts ... that led to large bonuses on Wall Street are often cited as a cause of the financial crisis"
modern banking is a ponzi scheme - Google Search
Read 'em and weep...
Who doesn't "understand"...the "expert" who was in the field for 35 years...as what? A teller? A loan originator?
Don't speak if you don't know what you're talking about...ok lady?