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Did you know that all banks simply create a "Debit" account on all your loans?
CyberDan
Registered User
User ID: 192030
01-03-2018 04:12 AM

Posts: 3,037



Post: #1
banana Did you know that all banks simply create a "Debit" account on all your loans?
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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!!!
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JIF
I know what's across the water
User ID: 394359
01-03-2018 04:17 AM

Posts: 151



Post: #2
RE: Did you know that all banks simply create a "Debit" account on all your ...
There are really about 16 Asset and Liability accounts created behind the scenes for your loan. Congrats dumb ass you still haven’t learned GL Accounting.

I used to doubt psychology until I met so many of you suffering from Apophenia and Pareidolia.
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CyberDan
Registered User
User ID: 192030
01-03-2018 04:21 AM

Posts: 3,037



Post: #3
RE: Did you know that all banks simply create a "Debit" account on all your ...
Isn't it funny how only certain entities like banks and the elite few have that power and can just create money out of "Thin Air"?...Nothing at all!!!
(This post was last modified: 01-03-2018 04:21 AM by CyberDan.) Quote this message in a reply
King Doom
All Hail the King!
User ID: 409338
01-03-2018 04:25 AM

Posts: 407



Post: #4
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!!!

They loan you the money other people put there..

01001100 01101111 01101100
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LoP Guest
lop guest
User ID: 441438
01-03-2018 04:26 AM

 



Post: #5
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..

I think they told you it comes it ounces in blood when you reveal them.
Quote this message in a reply
CyberDan
Registered User
User ID: 192030
01-03-2018 04:33 AM

Posts: 3,037



Post: #6
RE: Did you know that all banks simply create a "Debit" account on all your ...
This explains why the national debt is ALWAYS increasing and NEVER decreasing!!!
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CyberDan
Registered User
User ID: 192030
01-03-2018 04:40 AM

Posts: 3,037



Post: #7
RE: Did you know that all banks simply create a "Debit" account on all your ...
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
(This post was last modified: 01-03-2018 04:45 AM by CyberDan.) Quote this message in a reply
LoP Guest
lop guest
User ID: 441481
01-03-2018 05:34 AM

 



Post: #8
RE: Did you know that all banks simply create a "Debit" account on all your ...
CyberDan  Wrote: (01-03-2018 04:21 AM)
Isn't it funny how only certain entities like banks and the elite few have that power and can just create money out of "Thin Air"?...Nothing at all!!!

Jhikpghf

The public is finally catching on.
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LoP Guest
lop guest
User ID: 439715
01-03-2018 05:40 AM

 



Post: #9
RE: Did you know that all banks simply create a "Debit" account on all your ...
CyberDan  Wrote: (01-03-2018 04:33 AM)
This explains why the national debt is ALWAYS increasing and NEVER decreasing!!!

They never create the interest so the debt must always increase to allow the old debt to be paid off.
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LoP Guest
lop guest
User ID: 283672
01-03-2018 05:44 AM

 



Post: #10
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!!!


OP - you need to watch THE MONEY MASTERS documentary on yt
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Dr. Woo

User ID: 53145
01-03-2018 07:00 AM

Posts: 525



Post: #11
RE: Did you know that all banks simply create a "Debit" account on all your ...
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
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LoP Guest
lop guest
User ID: 412363
01-03-2018 07:11 AM

 



Post: #12
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!!!

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.
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Sonar staff

User ID: 406024
01-03-2018 07:13 AM

Posts: 1,798



Post: #13
RE: Did you know that all banks simply create a "Debit" account on all your ...
Hmmm...
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LoP Guest
lop guest
User ID: 441481
01-03-2018 07:30 AM

 



Post: #14
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 10% and I'm not sure it qualifies as their money if it's money deposited by customers.

I find it a little strange for you to say in one sentence, "it isn't true" followed shortly by "Banks do create 90-95% of their loan capital out of thin air".

Even the 10% reserve originates from thin air. There is nothing tangible backing our currency, just centuries of conditioning.
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LoP Guest
lop guest
User ID: 0
01-04-2018 12:40 AM

 



Post: #15
RE: Did you know that all banks simply create a "Debit" account on all your ...
Electronic accounting made it worse.

Banks used to have to prove solvency, now it's just fake numbers in a computer.


dear Lord, please have Sol wipe all these computers clean, and we shall all watch the bankers cannibalize each pother. That will be quite satisfying.
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