I'll add that this is nothing new. It's gone on for centuries.AGENT-784 wrote:Do a google search : Money As DebtGerry wrote:Please. Money out of thin air? Try deposits from other bank customers. For which they pay interest. It is not a number out of thin air. Where are you getting this stuff from?prairiedog wrote:Listen to the agent. he knows what he's talking about.AGENT-784 wrote:The corporations will never voluntarily surrender the keys which allow them to create DEBT...The corporations will never give back the keys which allow private banks to confiscate value via INTEREST.
When you take out a mortgage, you are making a deal with a bank. What is the bank's side of the deal? They write a number in your account. It's credit out of thin air. The bank risks NOTHING. What's your end? Repay this newly conjured money with real sweat and toil (which is real value) and INTEREST on top of that. Furthermore, you must risk collateral (usually the home your family lives in - MORE real value) just for the right to work your ass off for the next 20 years to repay allthis money that the bank conjured out of thin air.
I might consider taking out a mortgage if I felt that the bank was actually risking something to help me out, but they're not. They're just STEALING real wealth from the economy.
Like I said before. There is money and there is wealth. Know the difference.
Watch the 47 minute video made around 2007 by a Canadian.
Do a google search : Fiat Empire
Watch the 58 minute video made around 2006.
The popular deposits from other bank customers "angle" is another example of what is perpetuated by the filtered media. It is only fractionally true.
http://video.google.com/videoplay?docid ... 4876413449
G Edward Griffin's Classic from 1972 spells it all out.
The Federal Reseve System is FRAUD. It creates money out of thin air. Because Gerry, High Scool Consumer class even tells us that fractional reserve banking in Canada at 4% means that a bank need only hold 4% of it's deposits, which means that it can loan out 26 TIMEs the amount in its vaults - MONEY THAT DOES NOT EXIST. Plus, once I take out a loan and receive some of this newly created money, I can write you a check and you can go deposit this non-existent money into another bank and they can LOAN IT OUT 26 TIMES AGAIN!
Do the math. I'm serious. I did it when I was 20. get a piece of paper, draw an island with 10 people, have a bank issue them each $100 and start performing loans and transactions. After a while add up all the money on the island and there will be MORE than what you started with.