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 Where Your Dreams Become Reality |
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You are reporting the following post to the moderators for review and possible removal from the forum Poster: monetary Subject: RE: Federal loan payments - who do they go to? (please dont delete!) Body:
However, those banks are still lending out money that they don't have, money that never existed before the individual signed their name on the loan document. That's the craziness of fractional reserve banking. The end result is exactly the same as the federal reserve printing bills, an increase in money supply as a form of debt. And once the debt is paid off, all of the created money lies in the hands of the people who brought the money into existance, the banks. Unless of course people go broke and suddenly stop paying their big loans, ie the housing bubble and credit crisis. Hit the submit button below if you want us to review the post. If you feel this is urgent or want a reply, email us at letsrun@letsrun.com about the post and please include a link to the thread the post is on and what page number/post on that page it is
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