Quote:
Originally Posted by mikey_the_redneck
Banks are not providing "capital" to anyone. They are lending out a piece of paper and nothing more. They lend out mass sums of money that they do not have, and charge interest for it. They are the root cause of inflation...
|
What do you mean "money that they do not have"?
He said in plain English that the bank was involved in getting him the actual bricks and mortar house he's living in.
How do you account for that if they don't actually have any money?
The person who used to own the house got paid actual money when he sold the house, and that money he got paid was provided by the bank, and now Bownesian is paying the bank back that money.
It's not a myth or some sort of magic. The house exists and someone got paid for it.
And if they don't really have any money, why do people keep paying them back?