Ok so u grow up right, and all u wanna do is own a business/ work for money to buy that house get more stuff or maybe even donate to church/charity.
but where does this money come from?
from banks?
BUT THAT'S ALL IT IS!
The banks as a whole, are fundamentally flawed.
For example, you take out a 100,000 dollar loan from the bank.
They say sure, have it.
Your bank digits now increase from 69 to 100,069.
But what has the bank done?
absolutely nothing - all they did was add numbers to your numbers to make a new number.
There was no trade in gold, no visible exchange.
All that happened was they pulled 100,000 bucks out of their ass, put it in your account.
Now, what YOU earn belongs to them. In effect, if you default, YOU now owe them YOUR HOUSE, YOUR CAR, YOUR FURNITURE.
ALL YOUR BASE ARE BELONG TO THEM.
So what are they doing?
They are pulling 100k out of THEIR ASS, putting it into your account, making you GET 100K and PAYING THEM BACK + INTEREST.
See what they did?
They turned a sequence of digits into a larger digit, and magically transformed it into paper money.
DOES ANYONE ELSE NOT SEE HOW FLAWED THIS IS?
But that means that the bank is lending more money than it has?
AND IT IS.
In this recession, when EVERYONE withdraws money from the bank, what does it do?
It freezes your accounts, says it doesn't have enough.
WHOOPDEEFUCKINGDO.
(of course, this doesn't apply in aussie where Krudd has already guaranteed all ur moneys for the next 3 years)
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am i alone in this thought?
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4 comments:
why do u think we're in a financial crisis
Cry more cos you got no free money :p
lets juz be a hippie...
but you dont loan 100,000 to put it lying around in your bank. the point of borrowing is to get a higher return than that of the interest you are paying. if not, you'd be better off not borrowing, no?
so there is still hope at beating the system!
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