Kinds of Interest Rates
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@cedricalien Why do you condemn interest rates? they are just another service fee in exchange for a service like any other service or product. I do condemn fractional reserve banks but on the grounds that they are inflatoinary,fraudulent, and get money created out of thin air for almost free from the Federal Reserve. There is nothing wrong with banking per say as long as it is free market based, our current system is heavily manipulated by the Fed and benefits a few bankers.
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A comment by a viewer was removed because it read " F... the banks and their interest rates."
I also condemn the banks but on totally different grounds. There is nothing wrong with interest rates, it is just the charge they apply for their services (loans) just like any other service in the econonmy. I condemn fractional reserve banks on the grounds that they are inherently inflationary, fraudulent, and seek to keep interest rates ( at which they borrow from the FED) artificially low.
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LEGEND!
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confused
Let me get back to the book :-\
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good video
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Well done
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Short and sweet. Very good and intuitive video.
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@cedricalien indeed
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nice , they are the best of what they do
fuck the banks and their interest rates!
cedricalien 1 year ago 4