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Thread: Real Wealth is Decreasing

  1. #241
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    Re: Real Wealth is Decreasing

    Quote Originally Posted by phattonez View Post
    Because banks own our government.
    joking of course which is why you have no evidence to show, just sad prejudice.

  2. #242
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    Re: Real Wealth is Decreasing

    Quote Originally Posted by Vadinho View Post
    Republicans are like religion. They create the problem and charge you for the solution.
    just more liberal goofing or can you present your best example of this??? Liberal afraid to try??

  3. #243
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    Re: Real Wealth is Decreasing

    Quote Originally Posted by Vadinho View Post
    At the very heart of fractional reserve banking is the interest of the bank itself. This is the central flaw in this system, it divorces any responsibility for the greater economy from the creator of money.
    businesses create money to loan if they loan successfully the economy thrives. If they loan unsuccessfully like in recent housing crisis economy collapses. Now do you understand?

  4. #244
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    Re: Real Wealth is Decreasing

    Quote Originally Posted by Vadinho View Post
    At the very heart of fractional reserve banking is the interest of the bank itself. This is the central flaw in this system, it divorces any responsibility for the greater economy from the creator of money. It also introduces massive interest payments that all go to a bank. Now on the flip side, it does expand the money supply in a fairly efficient manner which solves some of the problems with the old gold and silver backed systems. Since the world is stuck with fiat money, it is paramount that governments control these activities so that lending practices further a greater good then just the income statements of bankers. What this video shows is that money itself is someones debt, that is how we introduce money into the system. Since money is a function of government, governments back money, taking the power to create money from any government introduces the risk of banks controlling the entire economy. If banks control the economy by putting everyone into debt, you end up with an economy that can never repay its debts which is exactly how we got to 22 trillion in debt at the federal level and even more on a personal level.
    3.1% economic growth makes the system look pretty good and Trump is doing that with liberals tying one hand behind his back!

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