The True Nature of Money
Uploader Comments (billybbob18)
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im starting a bank!
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This is great!
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@billybbob18 and I very much appreciate the videos that you post.
All the best to you my friend.
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@LeedansParis i TOTALLY AGREE WITH EVERYTHING YOU JUST SAID!
Peace to you.
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So, for example, 10,000 dollars is created and loaned to the U.S. at this year's Prime interest rate of 3.25%. Eventually 13,250 dollars will be owed. With only $10,000 dollars in existence, how can this interest be paid?
It can only be "paid" by borrowing more.
That is why a dollar today buys so much less than it did 20, 50, 100+ years ago. It is constantly diluted (inflation).
Fiat, debt currencies are modern day slavery.
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This excerpt leaves things a little unclear.
Our current "money" is "fiat"; created from nothing and having buying power only because we believe it does. This currency is created from nothing and loaned to our governments at interest. Every single dollar (Euro, e al.) has debt / interest attached to it.
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I don't think you understand the banking system and the nature of the debt-based fractional reserve system.
It has nothing to do with "Jews." So get off your high horse. It has to do with realities of the current banking system.
"They want you to own your house so you will actually care about your life and bother to work"
The banks do not care about "improving society." They care about one thing -- profit. They became greedy with their no doc subprime loans and it inevitably blew up.
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Banks don't want your property. They want you to own your house so you will actually care about your life and bother to work, and produce wealth for everyone to enjoy. This is just the new form of jew-bating. International Banker? Read 'Jew.' Those Americans who went out and bought what they couldn't afford, and those who think they have a natural born right to unrealistic stock market gains are now looking for a scapegoat, and guys like this are pandering to them.
Most everyone became greedy, especially those who wanted a house but lied about income. By the way, greed is in us all. Banks are businesses, yes for profit, much like the other shops you visit down on main street. And yes, from my high horse, I do understand fractional reserve banking. Without it, there would have not been a middle class. If you want to go back to the middle ages, be my guest.
itsaboutspace 3 years ago
There was a middle class before the FR system was in place. It is possible to have class separation w/o money at all.
billybbob18 3 years ago