Dawe & Clarke on Global Economy

[surferpeteinspace]

Hilarious as always !

I would have started my own bank by now and made a killing, except only one thing held me back.....my conscience.

[glazinq]

Excellent. But they missed one important and fundamental point. Under the fractional reserve system on the basis of the $1 deposit the bank is allowed to conjur into existence $9 which it can lend plus interest. This is the ultimate scam on which the modern financial system is built!

[SentientSight]

Not to mention this invented money is then lent at interest. Where does the money come from to pay back the interest?

[ThijsVisser122]

@SentientSight There isn't. So you need to lend more money at interest to pay te interest.

[aodscarecrow]

lmao.... well done.

[philwarinsky]

I don't know weather to laugh or cry...