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Did you know that all banks simply create a "Debit" account on all your loans?
Hamburgerwagon
Registered Burger
User ID: 1337
01-04-2018 05:04 PM

Posts: 9,338



Post: #31
RE: Did you know that all banks simply create a "Debit" account on all your ...
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The banks have capital that is used to back the money they are giving you.

If a bank does not have enough capital to back its loans it is solvent.

They dont just make new money.
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LoP Guest
lop guest
User ID: 1337
01-04-2018 05:49 PM

 



Post: #32
RE: Did you know that all banks simply create a "Debit" account on all your ...
Hamburgerwagon  Wrote: (01-04-2018 05:04 PM)
The banks have capital that is used to back the money they are giving you.
No they don't. They can lend up to 9 times their actual capital

If a bank does not have enough capital to back its loans it is solvent. - That would be INsolvent

They dont just make new money. They type numbers into a computer, call it a balance, (in the case of a loan) which you can then spend. Thay charge you interest on this fictional "money"
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Tommy Pastrami
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User ID: 1337
01-04-2018 05:51 PM

Posts: 3,346



Post: #33
RE: Did you know that all banks simply create a "Debit" account on all your ...
King Doom  Wrote: (01-03-2018 04:25 AM)
CyberDan  Wrote: (01-03-2018 04:12 AM)
Its True. When you agree to a loan, banks simply create a "Debit" account for any money borrowed. There is no collateral at all to back the loan up. It simply is created out of "Thin Air", and you agree to pay outrageous interest rates on that loan from money created out of "Thin Air".... Nothing at all...

It's all just a giant ponzi scheme...Money created out of "Thin Air"...

chuckle





Its all TRUE!!!

They loan you the money other people put there..

The other people put about 2% of the money loaned there.

"The man who never looks into a newspaper is better informed than he who reads them, inasmuch as he who knows nothing is nearer to truth than he whose mind is filled with falsehoods and errors. He who reads nothing will still learn the great facts, and the details are all false." ~Thomas Jefferson
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LoP Guest
lop guest
User ID: 1337
01-04-2018 05:53 PM

 



Post: #34
RE: Did you know that all banks simply create a "Debit" account on all your ...
banks are betting against you. it's capitalism at it's finest, and only the strong survive. be careful out there. invest and believe in yourself. no one else does!
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Tommy Pastrami
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User ID: 1337
01-04-2018 05:54 PM

Posts: 3,346



Post: #35
RE: Did you know that all banks simply create a "Debit" account on all your ...
Hamburgerwagon  Wrote: (01-04-2018 05:04 PM)
The banks have capital that is used to back the money they are giving you.

If a bank does not have enough capital to back its loans it is solvent.

They dont just make new money.

This is why no one is nearly as mad as they should be about banks. They don't understand it.

Banks are only required to have about 2% reserves for the money they loan out. Not only is this rarely cash, but most of the time, it's really shaky assets that could never be liquidated at anywhere close to their listed value like risky mortgages.

So they're handing out risky mortgages that are backed by risky mortgages which are backed by risky mortgages.

You remember 2008?

"The man who never looks into a newspaper is better informed than he who reads them, inasmuch as he who knows nothing is nearer to truth than he whose mind is filled with falsehoods and errors. He who reads nothing will still learn the great facts, and the details are all false." ~Thomas Jefferson
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Channelingmyself
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User ID: 1337
01-04-2018 05:58 PM

Posts: 141



Post: #36
RE: Did you know that all banks simply create a "Debit" account on all your ...
And here I thought all this time that the bankers were all out putting in serious amounts of time and labor digging up gold to back their dollars with. And now I find out life is nothing more than a big game of Monopoly. What1

Channelingmyself
Channelingmyself/cafepress
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LoP Guest
lop guest
User ID: 1337
04-17-2018 05:53 PM

 



Post: #37
RE: Did you know that all banks simply create a "Debit" account on all your ...
King Doom  Wrote: (01-03-2018 04:25 AM)
CyberDan  Wrote: (01-03-2018 04:12 AM)
Its True. When you agree to a loan, banks simply create a "Debit" account for any money borrowed. There is no collateral at all to back the loan up. It simply is created out of "Thin Air", and you agree to pay outrageous interest rates on that loan from money created out of "Thin Air".... Nothing at all...

It's all just a giant ponzi scheme...Money created out of "Thin Air"...

chuckle





Its all TRUE!!!

They loan you the money other people put there..

Not true.

For every $1000 they can legally lend out $10,000. That's $9,000 that doesn't exist, but you can lose your home if you don't pay them the amount they claimed to "lend" you, plus interest.
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LoP Guest
lop guest
User ID: 1337
04-17-2018 05:53 PM

 



Post: #38
RE: Did you know that all banks simply create a "Debit" account on all your ...
CyberDan  Wrote: (01-03-2018 04:12 AM)
Its True. When you agree to a loan, banks simply create a "Debit" account for any money borrowed. There is no collateral at all to back the loan up. It simply is created out of "Thin Air", and you agree to pay outrageous interest rates on that loan from money created out of "Thin Air".... Nothing at all...

It's all just a giant ponzi scheme...Money created out of "Thin Air"...

chuckle





Its all TRUE!!!

Jhikpghf

People are chatching on
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LoP Guest
lop guest
User ID: 1337
04-17-2018 05:55 PM

 



Post: #39
RE: Did you know that all banks simply create a "Debit" account on all your ...
Dr. Woo  Wrote: (01-03-2018 07:00 AM)
CyberDan  Wrote: (01-03-2018 04:40 AM)
Why doesn't the public have the power to create money out of "Thin Air"... nothing at all. Why cant we create "Debit Accounts" for bills owed?

If one entity or banks have that power, what makes them special to be able to do that when we, the public do not?

Just a thought, the banks are no better than WE the PEOPLE!

Remember the time when the BANKS and BIG corporations got BAILED out when the public didn't receive anything at all?

Guess who paid for it all... YOU AND ME, the TAXPAYER!

https://www.youtube.com/watch?v=kIjbMRU1EgU
Because if that was the case nobody would lift a finger to get sh*t done silly

That's the lie you've been fed, yet humans existing before money and other animals continue to do so without getting a paycheck.
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LoP Guest
lop guest
User ID: 1337
04-17-2018 05:57 PM

 



Post: #40
RE: Did you know that all banks simply create a "Debit" account on all your ...
LoP Guest  Wrote: (01-03-2018 07:11 AM)
CyberDan  Wrote: (01-03-2018 04:12 AM)
Its True. When you agree to a loan, banks simply create a "Debit" account for any money borrowed. There is no collateral at all to back the loan up. It simply is created out of "Thin Air", and you agree to pay outrageous interest rates on that loan from money created out of "Thin Air".... Nothing at all...

It's all just a giant ponzi scheme...Money created out of "Thin Air"...

chuckle





Its all TRUE!!!

Not true at all. Banks are required to hold reserves against any loans issued. Haven't checked it out for years and info is hard to find but reserves range between 10% and 5% traditionally.

Banks do create 90-95% of their loan capital out of thin air in exchange for a few % interest (much more on credit cards) but they also risk 5-10% of their own real money.

With borrowers being almost entirely subprime it isn't the cash cow it used to be.

They risk nothing.

As you've said yourself. 5%-10% is their customer's money, the rest is created out of thin air.

When their ponzi scheme collapses, we, the tax payers bail them out. The banks give nothing and risk absolutely nothing.
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Pappy
Registered User
User ID: 1337
04-17-2018 07:41 PM

Posts: 71



Post: #41
RE: Did you know that all banks simply create a "Debit" account on all your ...
LoP Guest  Wrote: (01-03-2018 07:11 AM)
CyberDan  Wrote: (01-03-2018 04:12 AM)
Its True. When you agree to a loan, banks simply create a "Debit" account for any money borrowed. There is no collateral at all to back the loan up. It simply is created out of "Thin Air", and you agree to pay outrageous interest rates on that loan from money created out of "Thin Air".... Nothing at all...

It's all just a giant ponzi scheme...Money created out of "Thin Air"...

chuckle





Its all TRUE!!!

Not true at all. Banks are required to hold reserves against any loans issued. Haven't checked it out for years and info is hard to find but reserves range between 10% and 5% traditionally.

Banks do create 90-95% of their loan capital out of thin air in exchange for a few % interest (much more on credit cards) but they also risk 5-10% of their own real money.

With borrowers being almost entirely subprime it isn't the cash cow it used to be.

It's called fractional reserve banking and it is a scam. "Banks do create 90-95% of loan capital out of thin air..." That is a fu#@$$! scam if there ever was one. Why don't you try doing that and see how far you'd get? The bottom line is that it IS true...
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LoP Guest
lop guest
User ID: 1337
04-17-2018 08:31 PM

 



Post: #42
RE: Did you know that all banks simply create a "Debit" account on all your ...
King Doom  Wrote: (01-03-2018 04:25 AM)
CyberDan  Wrote: (01-03-2018 04:12 AM)
Its True. When you agree to a loan, banks simply create a "Debit" account for any money borrowed. There is no collateral at all to back the loan up. It simply is created out of "Thin Air", and you agree to pay outrageous interest rates on that loan from money created out of "Thin Air".... Nothing at all...

It's all just a giant ponzi scheme...Money created out of "Thin Air"...

chuckle





Its all TRUE!!!

They loan you the money other people put there..

No they don't. Here's a free lesson in "fractional reserve banking": banks only need **10%** of the money they loan out in actual physical bank funds.

So YES, 90% of the money they lend out was created from absolutely NOTHING WHATSOEVER.
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Shingen
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User ID: 1337
04-17-2018 09:49 PM

Posts: 35



Post: #43
RE: Did you know that all banks simply create a "Debit" account on all your ...
So what are you gonna do about it? Stop using cash/credit?

Good luck with that.

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https://t.me/BTC_Fruit_bot?start=459316144

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LoP Guest
lop guest
User ID: 1337
05-03-2018 11:32 AM

 



Post: #44
RE: Did you know that all banks simply create a "Debit" account on all your ...
Shingen  Wrote: (04-17-2018 09:49 PM)
So what are you gonna do about it? Stop using cash/credit?

Good luck with that.

Physical cash, pay off debt, cut up credt card and bank with a credit union.

Not difficult at all.
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-Vod-
Registered User
User ID: 1337
05-03-2018 11:32 AM

Posts: 258



Post: #45
RE: Did you know that all banks simply create a "Debit" account on all your ...
King Doom  Wrote: (01-03-2018 04:25 AM)
CyberDan  Wrote: (01-03-2018 04:12 AM)
Its True. When you agree to a loan, banks simply create a "Debit" account for any money borrowed. There is no collateral at all to back the loan up. It simply is created out of "Thin Air", and you agree to pay outrageous interest rates on that loan from money created out of "Thin Air".... Nothing at all...

It's all just a giant ponzi scheme...Money created out of "Thin Air"...

chuckle





Its all TRUE!!!

They loan you the money other people put there..

You're wrong, it's a very common misconception though.

.
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