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Off The Water
Watering Hole
I didn't know this yet??!!!
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<blockquote data-quote="SlimeTime" data-source="post: 49416" data-attributes="member: 651"><p>Interesting thing I learned about loans.....</p><p></p><p>Say a bank loans $100,000....they have to keep a certain % of that on hand, say it's 5%.</p><p></p><p>They now have a note for $100,000 that's considered as asset, so they can turn around & write another loan on $95,000 on that asset.</p><p></p><p>That $95,000 becomes another asset (less the 5%). I can't recall if they can do this 3 times or more, but you can see how they're charging interest on money that doesn't even exist.</p><p></p><p>The Fed (Federal Reserve) does basically the same thing. Every dollar in circulation is loaned (by the Fed, which has nothing to do with the government, it's owned by rich international bankers) to the US with interest. Ever wonder what "backs" those dollars? It used to be gold & silver.......now it's nothing, but we're paying interest on monopoly money.</p><p></p><p>Seems like a pretty good racket, wish I could do it.........</p><p>ST</p></blockquote><p></p>
[QUOTE="SlimeTime, post: 49416, member: 651"] Interesting thing I learned about loans..... Say a bank loans $100,000....they have to keep a certain % of that on hand, say it's 5%. They now have a note for $100,000 that's considered as asset, so they can turn around & write another loan on $95,000 on that asset. That $95,000 becomes another asset (less the 5%). I can't recall if they can do this 3 times or more, but you can see how they're charging interest on money that doesn't even exist. The Fed (Federal Reserve) does basically the same thing. Every dollar in circulation is loaned (by the Fed, which has nothing to do with the government, it's owned by rich international bankers) to the US with interest. Ever wonder what "backs" those dollars? It used to be gold & silver.......now it's nothing, but we're paying interest on monopoly money. Seems like a pretty good racket, wish I could do it......... ST [/QUOTE]
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Off The Water
Watering Hole
I didn't know this yet??!!!
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