Why Its Pointless To Argue With Global Warming Believers 2090

ZnU

It is taking off. Where are you?

Because interest rates for loans are going up. This will impact the businesses that you say need those loans.

Say Person A and Person B gets a loan and the fact that the bank holds all of the money to loan and there is 0% in circulation. Person A gets $100 and Person B gets $100, both at 10%. Person A pays off his loan by working from a business that also needed a loan from the bank, and the same for Person B. But where does both get enough money to pay the interest? By the fact that someone else gets a loan, adinfinitum. This is how money is created, basically out of thin air.

In 1941 there was a banking committee asking a banker how money is created. Answer: we create it.

Even tho it appears to work over decades, eventually this ponzi scheme will collapse like all ponzi schemes do.

Which was one of my early statements "That's how corporations run government."

Because there were no business scandals when the currency was backed by gold. I sure haven't heard of any.

A good one to read. Most won't agree with what was written tho.

-- Where are we going? And why am I in this handbasket?