Where does a lenders money come from?

dowie said:
Your other alternative money thread was equally cringe worthy... unwilling or unable to answer any questions but an expectation that other people would watch silly videos and somehow align themselves with your views which seemed to be, at best, rather confused.
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I tried to explain it several times. Just because people don't understand a concept doesn't mean it's wrong.

The video explained it perfectly well, if you don't want to watch it then that's your concern.

Anyway, neither this or the Bradbury pound thread are 'conspiracies'.
 
gillywibble said:
I tried to explain it several times. Just because people don't understand a concept doesn't mean it's wrong.

The video explained it perfectly well, if you don't want to watch it then that's your concern.

Anyway, neither this or the Bradbury pound thread are 'conspiracies'.
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You didn't explain anything - didn't even respond to my question about where the answers were in the video.

Are you really surprised that people don't want to watch a 2hr (or however long) video?

Rather than bleating the same **** over and over again you really should try to justify your argument, otherwise there's no point in having a debate. "Because the video said so" isn't an acceptable justification.

I could post a video saying that the French are aliens; that doesn't make it true.
 
sigma said:
You didn't explain anything - didn't even respond to my question about where the answers were in the video.

Are you really surprised that people don't want to watch a 2hr (or however long) video?

Rather than bleating the same **** over and over again you really should try to justify your argument, otherwise there's no point in having a debate. "Because the video said so" isn't an acceptable justification.

I could post a video saying that the French are aliens; that doesn't make it true.
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Your stupidity is not my problem. Anyway, if you've got a beef stick it in that thread, this one is about a different topic.
 
The banks don't have the money in reserve. They create the money by changing digits on the computer screen. The bank of the person who sold the house gets the money from the sale of the house, unless it was completely owned by the person selling it. The seller would then get the value minus what the banks is still owed from the intiial mortgage.

If the buyer gets reprocessed the bank rights off the debt and sells the house to try and recoup the debt.

While the debt is still being paid, the banks take that mortgage and other mortgages and put them together and make financial instruments out of them. They then use this too make more money for themselves.
 
dowie said:
The statement I took issue with earlier... the poster doesn't seem to understand why 'google it' just comes across as retarded and asking someone to clarify/justify their claim is perfectly valid...

Your other alternative money thread was equally cringe worthy... unwilling or unable to answer any questions but an expectation that other people would watch silly videos and somehow align themselves with your views which seemed to be, at best, rather confused.
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I already posted a link, as well as other people posting explanations... don't know why I bothered taking the time to do that because you clearly are just trying to be confrontational for the fun of it and have no interest in the actual subject.... Bit of a contradiction saying that other people come across as "retarded"
 
sigma said:
Rather than bleating the same **** over and over again you really should try to justify your argument, otherwise there's no point in having a debate. "Because the video said so" isn't an acceptable justification.
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Its not really a debate though because debates have 2 sides with separate arguments... This thread has one side which are explaining the situation and posting proof of it.... And another side which are just randomly disagreeing with no actual knowledge of the subject or proof of their argument as they probably have nothing better to do than randomly arguing for the fun of it on a hardware forum.
 
gillywibble said:
That's where the Bank of England steps in, creating the new money.
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Wrong. Fractional banking will continue to operate just fine without external money inputs. The profits come from interest. Continued money inputs are about wider economic issues not fractional banking.

It's as good as a Ponzi scheme, and certainly a scam.
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In what sense is it a scam? The bank lends you money at a rate you agree to; you get the money, you pay the agreed interest. No-one is either misled or scammed.
 
Mr Jack said:
Wrong. Fractional banking will continue to operate just fine without external money inputs. The profits come from interest. Continued money inputs are about wider economic issues not fractional banking.
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Where does the money come from to pay the interest on the debt?

Mr Jack said:
In what sense is it a scam? The bank lends you money at a rate you agree to; you get the money, you pay the agreed interest. No-one is either misled or scammed.
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They lend you money they don't own, then charge interest on it. How is that not a scam?
 
To all those complaining (and completely misunderstanding) how the banking system operates, I trust you don't stoop to using the services they provide? I mean, if it's such a terrible, shady, scam-like operation it'd be madness for such vocal ignorants to employ the services of the very organisations they distrust.

Right?
 
Mr^B said:
Do you have a bank account?
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I duno why you are trying to antagonize him when you know fine well a bank account is needed for most things. Even the Gov are going to pay tax credits and all through the bank's shortly. Payment on most phonebills etc also mostly done with the banks.

What is the problem anyways? You mostly cannot escape using them because they are now so engrained in our society most people cannot function without a bank. But why would you not just appreciate the point instead of antagonizing someone? You either really benefit from the scam or you are just out to troll? Anyways when you try going without the use of a bank this is what happen's. Remember what i said earlier about people being forced into towns and cities away from the countryside and into benefits and min wage jobs and debt. The system is trapping people within the scam and not letting them be self sufficent.


http://www.dailymail.co.uk/news/art...ewman-ordered-tear-home-built-permission.html
 
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Oh dear, I think we hit a bit of cognitive dissonance there, coupled with some knight in shining (daily) mail.

I'll try something else.

Do you have a pension?
 
David Mitchell explains it in a nutshell and how stupid banking crisis actually are when you think about it...


He's right, it really is just a load of numbers on a computer. Maybe we should move more to a system based on actual stuff rather than "trust" and "predictions" our current economy is based on.

The funny thing is, if a member of the public asks the bank for a loan they base it on what your current circumstances are, sure they take some stuff for granted like you not losing your job but you can't say "well I'm pretty confident that in 10 years I'll be on 5 times what I'm on now" but they seem to be able to create money for themselves using unfounded predictions like that.
 
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