profileDapAd&PG=MSPGEN&AP=1089300250Profile-Public-Combined-page4|SCPProfilesocial.msn.comProfileen-usProfilesocial.msn.com/profile/default.aspxsocial.msn.com/profile/default.aspx?urlName=XpJMRfo4pkZ93b9eQ8M-ROIKJefXP2DfU&tab=0&ord=1&mkt=en-US&pg=40Public profileProfileProfileProfilePlease type a nickname.There was an error. Please try again later.e47d4724d0074266ae9ab7eab3af71dcFalsemoreen-US
you have not come close to the total advantage of the banking industry in your example. In a fiat banking system they only need $1 on deposit for every $9 dollars created out of thin air and loaned out. Lets run some numbers:
A bank has $1,000,000 on deposit and creates $9,000,000 in fiat money to loan out. They ...more
and while the Government will use an increase in the quality of goods to say that the price really didn't go up so they can keep the inflation rate artificially low. They will NEVER take in to account what you just said to add to the inflation.....But sure inflation is only running 2% LOL
"the fiat system is here to stay" Are you kidding? Name ONE fiat currency that has stood the test of time in all the history of the world?
Sure, ours is still going but our compounding debt (thats what a fiat system is) is at a level that can not be paid back. The dollar is worth only $0.02 what it was when this sta...more
more signs that the end is coming to the worlds monetary systems. The FIRST to print more fiat money does not get the affect of inflation. It is like that pyramid scheme....the first in get the reward and the ones at the end get screwed. Japan's not dumb, they see 20 parachutes and 50 passengers in a plane that's going...more
V_L.......you are correct that in a fiat system, loans plus interest, can be paid back by failure of some loans. However, the bank will still win because they will get to repo the assets of the failed loan when they made the money out of thin air to begin with. Not a very good system and the bank still (always) wins ju...more
savejustice........Yes I do........100,000,000 pissed off americans would be the largest force on the planet. It will be a blood bath but unless they nuke or bio us no military force could overthrow us.
If you don't believe that just look at how our military is doing against a fraction of a percent of that size of fo...more
there was this island with ten people on it. each of the people owned 10% of the land. a foreign banker came to the island and told the people "I will loan you all $100,000.00 each at 5% for one year so you can build houses and factories and build up the economy of your island". The people all did this because is sound...more
you are so correct....but the people don't think........i would guess over 98% of the people have no idea that a fiat money system is flawed from the start and will only create COMPOUND DEBT.
WAKE UP PEOPLE!!!!!!! The enemy is not the Dems or the Reps. It is the FEDERAL RESERVE!
To report abusive content:
Select the post to go to the related message board page.