AngelTrader profile image 60

Who agrees modern banking is a colossal Ponzi scheme?


95% of the money in the world today is created as a debt, a debt owed to private banks. This includes private debt, corporate debt, and government debt. Banking is a well-planned swindle that is totally rigged in favour of the banksters. And it is ingenious. When creating loans, the banksters only create the principal, never the interest. With long term loans, the interest can amount to one and a half times the principal or more. Over time, a mortgage of $200,000 might reach in excess of $500,000, including interest.

 

sort by best latest

ChristinS profile image93

Christin Sander (ChristinS) says

You can help the HubPages community highlight top quality content by ranking this answer up or down.

5 years ago
 |  Comment
LegendaryN8 profile image61

LegendaryN8 says

You can help the HubPages community highlight top quality content by ranking this answer up or down.

5 years ago
 |  Comment