posted on Apr, 9 2010 @ 09:35 PM
Printing money has repercussions on currency value
lets say US prints/digitizes 1% more currency then EURO does then EURO currency value will increase by 1% more then US currency ex: 1 eu = 1.50 $ ,
after 1 eu = 1.52 $.
However in this video when Fed lends money for 2% to banks and banks lend money for 6% , banks make 4% of total money printed in US , thus making
banks as middle men. Why do we need middle men that make 4% of our total money? when we can have Fed lend us our money for 6%?
Another issue is interest rates are bad, period. Interest rates create a pyramid effect / pyramid scam. When top of pyramid lends you money for 6% or
2 % who will pay the 2%? Yes, the bottom of the pyramid will have to pay 2%, how will they do it? There is no where to go below the lowest level of
pyramid. Lowest level of pyramid however, not necessary are Americans, they are the Iraqies, africans, chinese, people who work for basically free to
pay off for the lowest level of pyramid 2%.
[edit on 9-4-2010 by wrill]