3 ms·
When the word "leeches" is directed toward people at the "bottom", it makes me wonder what people think of when money is created out of thin air, lended to bank
by cinquemb 13y ago
When the word "leeches" is directed toward people at the "bottom", it makes me wonder what people think of when money is created out of thin air, lended to banks at ZIRP and who then lend to people at anything but, who then use such money (or credit) to buy goods (created by their peers) that people at the helm of such institutions like banks can also buy…
- hkmurakami 13y agonot to mention industries whose profits are generated solely on the basis of tariffs and subsidies (various areas of industrial farming: corn, sugar, etc)
- straight_talk 13y agoGetting a bank (i.e. money printing) license is probably the hardest thing to do in the developed world. The guys/families who got them must be the best adopted to the complexities of the modern society.