Introduction to how banks have income as well as a worth they (potentially) supplement to society.
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Perhaps you could make a video on the Labour Theory of Value, it is a far more logical way of analyzing these things.
What kind of computer interface is that. It looks like some sort of writing pad. Can you give me a specific model?
Who wouldn’t want to bank $43,945.75 in 30 days with ZERO investment? Passive Income Advice [dot] com.
wildboy789789,
have YOU ever heard about the rockefellers? you can’t even spell the name right. and by the way the rockefellers are the richest bankers in the united states. they own a huge stake in the federal reserve. capitalism does NOT work. the rich get richer and the poor get poorer. fractional reserve banking is how the rothschilds took control of the world’s money. it has inflated everyone’s currency to the point of no return. fractional reserve banking is the worst system ever
The former chief economist of the World Bank, Joe Stiglitz, was fired recently. He pointed out to top executives that every country the IMF/World Bank got involved in ended up with a crashed economy, a destroyed government, and sometimes in flames with riots. Jim Wolfensen, the president of the World Bank would not comment on his dismissal.
So, the entire amount of money that exists in the world is $10m, and $1m is in the bank, and $9m went out as loans. $9m will be paid back by the borrowers; but where are the borrowers going to find the $1m interest? If they do pay back P&I, then there will be $11m that exists in the world. I think there’s a problem with this. It appears as though money will have to be printed so there’s enough for interest; otherwise debt default and bank gets assets… or is that how rich bankers get richer!
thats called risk… if he owes money… hes still just as poor
its stupid to kill yourself for being poor if you were poor in the first place
and if people dont know how to use a bank… dont use it
i make money so i will not let banking come to an end
put your feet in the shoes of a poor man who takes loan from the bank to start business, but his business suffers loss and he could not payback debt which keeps on increasing day by day (thanks to compound interest). I bet you’ll start contemplating suicide at that point. In fact this happened in India where thousands of farmers committed suicide due to mounting interest which they could not pay. Another place, I read that one man in India who took 25,000 paid 177,000 due to interest!!!
u have misunderstood the whole banking and monetary system just like many other innocent people! those filthy rich and very powerful bankers make people believe that we cannot survive without this interest based system! if you look at the statistics the gap b/w rich and poor has dramatically increased over the last few years, thanks to interest based economy. if a poor person wants to get rich, he should educate himself and the state should be willing to provide interest free education loans!
all i know is… without banks, a poor person is stuck poor… unless he can sell cars cheaper and better quality than ford without a loan
the good side of a bank is that you can borrow money if you have none and try to start a successful buisness off just an idea
maybe there is a mathmatical flaw but its not taking money from anyone in america because even though our rich get filthy rich… our standard of living still goes up to this day
why we have to pay infinite amount of taxes to the government. its because a large sum of those taxes is used by the government to pay taxes. banks pay depositors interest to entice people to save in their bank. a bank can lend 10 times the money it has, so the more money it has the more it can lend and exploit people. where does that (lent) money come from, thin air! when borrower returns, it is destroyed and interest is kept! if you look deep down, you’ll know banking is dripping with evil!
rockafellers is just one example. there may be others, but what’s the ratio of success and failures. there is risk in every business, and it may be that only 3 out of 10 borrowers earn more than interest. and you know compound interest, it increases like anything, imagine those borrowers who could not succeed in profiting from their businesses. the fair deal would be to share the loss, but the bank won’t. businessman works hard, takes risk and suffer, while the fat ass bankers rejoice! fuck em!
so god is telling you not to bank?
people are about as smart as cows
they take out a loan they cant pay off to get a big screen tv and end up paying the bank for the rest of their life… that 40% GDP was probably held buy country folk or idiots and is now in the hands of someone who apparently is pretty smart to own so much
and its also forbiden to lie in judaism, christianity, and islam
have you EVER lied?
have you ever heard about the rockafellers?
they were poor immagrints and took out a loan from a bank to build his oil companies and became one of the richest families to this day
and because of a capitalistic market… if too many banks are built then they will start looseing money because more compitition
not all rich people own banks… bush owned an oil company… the richest man in italy (the prime minister) is a mobster… and bill gates makes software
very true ar2de2em2, and this is why interest is forbidden in every major religion of the world including islam and christianity!
In pakistan, almost all of top 10 richest persons have their own banks. most of these persons were industrialists, but now their main focus is banking, because they are minting much more money through it. so u see that instead of producing goods, these people are more interested in milking money of other people many of whom are poor. banking favors the rich and exploits the poor and allow people to earn without effort. people are distracted from other productive professions, disastrous effect!
…and its not only interest, but also paper and electronic money that is the problem. a bank can even lend money when it doesn’t have it, then when the borrower returns with interest, the original sum is canceled and bank keeps the interest. So a bank had created money out of thin air. that is why you see inflation, devaluation of money and all such things. interest is the main reason behind that!
I’m a muslim and interest is forbidden in Islam as it was in christianity. But some unscrupulous saint in 16th century said that usury is not mere interest, its excess of interest. So if u r a christian or a muslim, you should know that dealing in interest is not liked by God! even if you put religion aside and think about the effect of interest, you’ll come to conclude that it is not fair. For example in U.K, 40 % of GDP is held by bankers. now why is that so? read on….
you dont understand how banks work… because your scared of them
a bank prevides a loaning service and recives intrest for their service
why dont you open a bank if its such a good legal way to make money
it seems that u don’t have any clear idea of how banks work! there is a difference b/w interest that bank give to savings account holders and interest that it charges from borrowers. And by the way, bank is not giving interest from the money it has created from his own hard work, in fact it comes from the money of other people, that is people who have put money in bank. Bank only sits in b/w and take money without doing any good work. That is why bankers are like parasites! and I hate em’
people put money in a savings account and make money… how is that leeching
and how is loaning someone money leeching?
if you cant pay it back and you take it out… you deserve what you owe… im 17 and my bank has never done anything more than pay me interest… dont tell me this monster feeds off workers to pay teens lol… its like a charity
you said gold is a standard with limits and u know what, electronic and paper money concept is bullshit! a bank can lend money even if it doesn’t have it and when the borrower returns it with interest, that original amount is nullified and bank keeps interest. so banks are in a habit of making out of nothing, without producing any goods or hard work. this whole concept of banking and interest is bullshit!
help the world! bullshit! bankers are no more than parasites who feed on other people’s hard work!
im starting a bank
thats a great way to make 300k and help the world and myself
What do you mean it isn’t easy to counterfiet? Paper money right now is being counterfeited.