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BANK'S DON'T LEND MONEY - EXPLAINED

Juristic Person

They drew first blood
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Mar 31, 2010
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#2
Ponzi scheme. The rules of the game are set for us to always lose.
 

the_shootist

Midas Member
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Midas Supporter
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May 31, 2015
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#3
Banks create value from thin air, amortize the interest over 30 years (so it's mostly interest being paid the first 15 years) and evetually sell the note when they desire to cash in. Ponzi scheme indeed!