Added: 1 year ago
From: ShowdownInAmerica
Views: 6,054
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  • banks dont "lose" anything

    they SELL the notes since they have value(from your signature)

    they create money out of thin air(bookkeeping entries) and give you YOUR money as a loan.

    the bank risks no assets and you get conned out of 1-2 times the original value of the note

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