3 ms·
Why should a group of banks in collusion with the government have the right to get very wealthy by creating money and forcing me to accept it and use it? To ge
by dpatru 16y ago
Why should a group of banks in collusion with the government have the right to get very wealthy by creating money and forcing me to accept it and use it?
To get an idea of the wealth involved, consider that most homes are purchased with borrowed money. Over the course of thirty years, the interest payments on the loans are two to three times greater than the cost of the homes themselves. Now consider that it cost the banks almost nothing to make the loan. They literally created most of the money at the time of the loan.
Thomas Edison said: People who will not turn a shovel full of dirt on the project (Muscle Shoals Dam) nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest.
- dantheman 16y agoIn a proper functioning freemarket, one without a central bank, interest is function of savings - delayed consumption, and thus those who earn it, those who loaned out funds, are deserving of their reward. That is the beauty of interest, it encourages people to work just a little bit harder and produce a little bit extra which allows for investment in the future.