???Only banks can loan money they don???t have and charge interest for it. Because the elite who own
the banks made it a policy that the bank can loan 10 dollars for every 1 it actually has.
That is what created the current financial mess or as they say problem with liquidity.
They created the problem by loaning money they did not even have to loan.
Dishonest usury is what it is.
Full disclosure of banking policies would be nice lets have it all put on the table for every one to
see just how corrupt they are taking food and housing from people who work hard while they sit
in there penthouses reading about bank bailout's. No don???t feel sorry for them feel sorry for the
people who are being crushed under there feet from the dishonest usury.
Most people had to give a down payment before 2004 for a home and if you where considered
risky you had to give a bigger down payment.
For example
on a loan of 180,000 with medium to low risk you would fork out 7000.00 to buy a home.
Now what does that translate into for the bank.
The banks can loan 10 dollars for every 1 dollar they have and charge interest for the loan.
win - win for the bank
1 = 10 for them right off plus interest
7000 = 70,0000 plus interest
then you have a payment of 750.00 or so with interest on the loan
750.00 = 7500.00 plus interest per month as you pay in for them
1 year of payments = 90,000 plus interest for them to loan to others.
so if you put 7000.00 down and finance 180,000.00 they get repaid in one year with a payment of
750.00
Sounds strange but remember 1 dollar is as good as ten to them for every dollar they take in they
can loan 10
So don???t feel sorry for them and bail them out. Bail out the public who just keeps paying not
knowing any better.
If you paid a down payment on your house and then you paid on it for even a year you paid it off
in the banks books. 30+ times over if you paid for 30 years.
After the first year they use your money to pay there salaries of 22 million for 22 days on the job what a joke.
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