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.
I agree with you. I took a macro economics course last semester (required for my degree) and it opened my eyes to a LOT of things.... Highly recommend everyone to get a basic primer on macro and see for yourself the illusion that is money, banking, "the fed" and wall street. Banks make profit on money they don't physically possess - they may actually hold 10% of what is on the books - the rest is loans.
"futures trading" is another good one and how we get gouged on things like gasoline that are not truly in short supply at present ... it's pitiful and greed is certainly rampant.
I think what you both are speaking of is financial leverage. Large financial institutions make gambles on money held in-house, as well as outstanding debts owed to the institution.
The best way to get around it?
Deal in cash and cash equivalents.
by Marc Woodard 8 years ago
This Exerpt taken from my hub "A Stern Message to our Health Reform Politicians""They steal our tax dollars without representation, run up debt in back room deals and God knows if our GDP will be enough to clean up our debt even within a hundred years. You see if Bernie Madoff would...
by JAKE Earthshine 6 days ago
Let’s keep it FACTUAL: A living and evolving repository to store ALL the public evidence, both criminal and civil which exists against Mr. Trump, his family and associates including Michael Cohen, there appears to be more than enough damning evidence to reach a guilty verdict for the average...
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