So when the banks get broken and/or cannot pay their debts and ask for money to the Federal Reserve Bank, how do they pay that?

When you ask for a 50k loan, you'll have to pay 50k +10k (lets say that) in order to end up clean. But... does the bank really take 10k for free? NO
They have to pay part of the debt that they started when they asked for the money in the beginning. So they maintaing themselves with the taxes they take from you, proportionally paying the Reserve

I'll make it more simple

If you ask for 50k dollars, the Federal Reserve Banks creates 50k for you, and other 50k in debt. Which MAKES IMPOSSIBLE TO PAY THAT BILL, cause they're MAKING DEBT OUT OF NOTHING

So yes, little kids. Maths beats neo capitalism. And Diaz beats McGregor


E/ Just google the Federal Reerve Bank debt

Look at what the Thomas Jefferson (or whoever. Like the 4th american president) did with that Federal Reserve AND WHY HE DID IT

JUST LOOK WHAT HAPPENED TO USA (I.E. DETROIT) WHEN THEY HAD PROBLEMS WITH THEIR FINANCIATION

Read something in your language cause I wont be able to explain it properly. I guess there's a documentary called "Zeitgeist" that explains TO PERFECTION how American economy works (and by extension, the worlds economy)

This post was edited by LordSinfriends on Aug 19 2016 07:20pm

~ $3.50

Perhaps I'm a dense American, but I still think this makes zero sense. That or your and I are talking about completely different things. If a bank loans you x and asks for x + interest...as long as you pay your portion every part of this machine works. Obviously there are nuisances that I'm not explaining as my focus in life is dendrology and hydrology, not money.



lol.

Dendrology? Kind of like it LoL

What I'm trying to say is...

When you ask for a credit loan, they'll give you 50k. But the Federal Reserve Bank will not make 50k dollars for free. When they "give" money, they generate debt. And it's like this:

I give you 1 dollar and you owe me 2

So...

There's always gonna be a higher debt than what we humans can pay.

More simple: if EVERY HUMAN BEING IN THE WORLD COULD GO TOMORROW MORNING TO PAY THEIR DEBTS, AND EVERYONE PAID IT ALL, INCLUDING TAXES, THERE STILL WILL BE BILLIONS OF DEBT.

Cause they wont make money for free. They'll force you (or the banks) to owe them money. You want 1 million? You owe me 2.

Banks can still work, until they get rekt'd. Remember Lehman Brothers?

Ah, okay.....so the banks attempting to turn a profit for doing all of the services they do ostensibly for free ruins the world.

This post was edited by Spruce on Aug 19 2016 07:32pm

Whenever you guys wanna realize about what debt is bringing to our world, just watch this 5 videos.
Wont take too long and, at least, you'll have some info about something that they dont want us to know. You can keep reading after that to make your own conclusions

Not the banks. The federal reserve bank. Its like the mother of the banks. We have the same shit in Europe, but our "Central Bank" doesnt event have the 20% of the power the american has

Lets make it quick

We will give Spain 5 billion € but they'll have to pay us 7.5billion in 10 years.


SO YOU GONNA HELP ME KNOW IN ORDER TO GET PROFIT OUT OF ME THAT I'VE BEEN GIVING MONEY TO YOUR BANK FOR THE LAST 4 DECADES? FUCK OFF LITTLE CHEATERS

So no one should ever borrow money? What is your end game here?

does house mortgage counts ?

150,000 if yes.

otherwise debt = 0

Actually no, cause we all are fucked up. We should break the wheel, we wont be able to stop its spinning direction and change it.

Destroy the wheel (economic system) and start over

Unfortunately that would be really hard, actually I guess that worst than a third world war. But our descendents will thank us

We shouldnt stop taking loans. We should start changing this world. Claiming for REAL JUSTICE and now what THEY (and by they I mean like 1% of the population of this world) want us to think that is fair

This post was edited by LordSinfriends on Aug 19 2016 07:46pm