posted on Aug, 26 2004 @ 10:18 PM
banks first started when people would put money in a safe house so nothing would happen to it. they would be given a voucher, or reciet, for the
amount they put in. eventually these vouchers became money because it is easier to pass around than solid gold. after a while the people who owned
the safe houses realized that as long as everyone didn't come to claim their gold all at once they could loan it out. this means they could loan out
money that wasn't even theirs. now there are laws that say a bank only has to have 10% of the total amount at any given time. with this law, they
can loan out as much as 90% of money that's not even theirs. with every loan they give out, they collect interest on it. so not only are they
making money on their money, but they are making money on everyone elses money as well. the further people go into debt, the more money they make on
now, for arguements sake, lets say a bank gives out a loan for 20%. in 5 years the bank has collected as much interest as the loan itself. in
10 years they have collected double, in 20 years, quadrouple... all this money and, if left unpaid, the loan is still there in full!!!! now keep
this in mind when you consider that the money they gave out wasn't even theirs to begin with.
most people know a lot of this, but very few realize how detrimental all this can be to those who aren't bankers. i think if people did
realize how bad it was, no one would involve themselves in the system. that's just my opnion on banks though.