Why the banks dont give free money? Why they loan it? - page 10.

n0ne

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Quote from: Pab on April 03, 2016, 05:06:18 PM

Becouse banks want your money.In exchange thay are giving you that what thay call loans debt
money what dont exist for that virtual money you have to pay hardly earned money

I believe banks don't have the money. Only the government holds the money. Bank doesn't have the right to issue their own money. For these reasons they use several tactics to gain more from the public with various schemes.

Laosai

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Quote from: Hirose UK on April 02, 2016, 06:20:46 AM

about the free money banks don't give, I think it's normal. unless the bank is owned by a rich kind man, then he wants to share his money to the poor, so it would happen, free money from a bank.
but I think it's hard to find kind of man.

then if banks give free money, who will sell our necessity? because of having much money, people will think why should they work? so there will be no seller and perhaps human will eat money. lol

There is a difference between free interests loans and free money... That's what's the OP is talking about!

ronaldinho_07

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Well i know that those big income comes with inflation,like Venezuela and Argentina those countries has a huge inflation rates.Banks open the doors offering a service,protect your capital,for a fee,and they work out with your money all the services they offer is money from their costumers,they dont risk their own money .

Pab

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Becouse banks want your money.In exchange thay are giving you that what thay call loans debt
money what dont exist for that virtual money you have to pay hardly earned money

jaysabi

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Quote from: ronaldinho_07 on April 02, 2016, 08:26:09 PM

Quote from: SFR10 on April 02, 2016, 12:39:53 PM

It's all about profits. I for instance live in a country with high inflation rate (recently it's decreasing and moving towards deflation), and banks give loans at 30-40% interest (it's crazy), and when you lend them your money, they give you only 20-25% money as interest (long term). Unfortunately many people support this and until this stops, the trend will continue to further take people money in a way that it's somehow unfair.

On a side note: I see some saying Islamic banks don't charge interest, and that's a big lie. I live in a Islamic country and all banks here, charge huge interest.

Wow those long term is how many years?To get 20-25% you need a huge ammount or atleast a fortune?Where do you live ,i wanna to moove now what a huge interest atleast looks like.

The reason the interest rates are that high is because the local currency is depreciating that fast or faster. You may earn 10 or 15% a year on a bank deposit, but when the local currency is depreciating at 25% per year or higher, you're not coming out ahead. You're losing money by holding the currency.

plost24

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Quote from: arwin100 on April 03, 2016, 04:03:50 AM

They cant give free money because because they cannot get profit with it. And banks get rich for the people who stored their money in their bank and bankers use it to loan to other businessmans so the bankers gets more profit. For giving free money they dont bother wasting time for that. All they think is profit not wasting.

there is no one thinking about giving money for free. even giveaway it is for promotion or attrackting people so there is no interest for bank to give free money.
bank has many customer so no need for promotion to have more.
i have a great profit so they don't have to do anythink just loan for more profit

HeroCat

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If banks will give free money, then soon banks will need some loan. Almost everyone will take some thousands. Wink

arwin100

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They cant give free money because because they cannot get profit with it. And banks get rich for the people who stored their money in their bank and bankers use it to loan to other businessmans so the bankers gets more profit. For giving free money they dont bother wasting time for that. All they think is profit not wasting.

ronaldinho_07

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Quote from: SFR10 on April 02, 2016, 12:39:53 PM

It's all about profits. I for instance live in a country with high inflation rate (recently it's decreasing and moving towards deflation), and banks give loans at 30-40% interest (it's crazy), and when you lend them your money, they give you only 20-25% money as interest (long term). Unfortunately many people support this and until this stops, the trend will continue to further take people money in a way that it's somehow unfair.

On a side note: I see some saying Islamic banks don't charge interest, and that's a big lie. I live in a Islamic country and all banks here, charge huge interest.

Wow those long term is how many years?To get 20-25% you need a huge ammount or atleast a fortune?Where do you live ,i wanna to moove now what a huge interest atleast looks like.

gtglener

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Yes, these loans are fraud to such people , they collect a large amount of interest in return of the loan.
In relative to it Islamic banking loan system is much better, as in Islamic loan system there is no any interest but they give it for helping, which is describe here http://islamicbanking.info/islamic-mortgage-loans/ and here http://www.islamic-laws.com/debtloanrules.htm

Herbert2020

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Quote from: Documan on April 01, 2016, 09:01:08 AM

Quote from: bitbunnny on March 31, 2016, 01:23:16 PM

I wouldn't call it a scam, but robbery yes. It's the way that banks make their living but often this loans are to expensive and unfair forw their clients. Islam banks, though, give loans without interest.

How does Islam banks survive without charging interest? Does it charge a lot of fees to cover their cost?

i have replied to this only 6-7 comments above you. i don't know where bitbunnny got this idea that Islamic banks are giving interest free loans! they do take interest for their loans.
i can give you links to the banks with percentage interest rates mentioned in the pages if anybody wants.

SFR10

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It's all about profits. I for instance live in a country with high inflation rate (recently it's decreasing and moving towards deflation), and banks give loans at 30-40% interest (it's crazy), and when you lend them your money, they give you only 20-25% money as interest (long term). Unfortunately many people support this and until this stops, the trend will continue to further take people money in a way that it's somehow unfair.

On a side note: I see some saying Islamic banks don't charge interest, and that's a big lie. I live in a Islamic country and all banks here, charge huge interest.

ronaldinho_07

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Well if were that way we wouldnt have Bill Gates and others sharks of fiat would share their sucess with you?Steve jobs made Apple being a huge sucess,with huge inovation soo you wanna a part of it ?Get a share ,from big companies,no one will give you nothing without interest undercover.Banks were made to support economy and make the owners rich.Why banks would offer you interest if they couldnt get.

calkob

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Watch "The Money Masters" by Bill Still, its on youtube. It is a great doc on this subject Wink

V for Varoufakis

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Well, Byron Dale supports the idea of debt-free, interest-free and banks-free money.

See more: http://www.wealthmoney.org/

Mike8

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Quote from: V for Varoufakis on March 31, 2016, 12:46:20 PM

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?

Why any private business just don't give out money?
Because it was made to make money for themselves?

Hirose UK

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about the free money banks don't give, I think it's normal. unless the bank is owned by a rich kind man, then he wants to share his money to the poor, so it would happen, free money from a bank.
but I think it's hard to find kind of man.

then if banks give free money, who will sell our necessity? because of having much money, people will think why should they work? so there will be no seller and perhaps human will eat money. lol

Laosai

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Quote from: The Sceptical Chymist on April 01, 2016, 09:27:39 PM

Lol, resources are limited, don't you know. Banks can't and won't just give away money for nothing. It's a nice thought but economics just doesn't work that way, and you might find the study of money and banking very interesting. And you'd find the reason why your question is absurd.

And maybe you should start studying it. Then you would understand it's far from absurd, cause ressources might be limited but not for the banks. They get every penny in the world going through them. They earn interest on absolutely EVERYTHING. And that's scary as hell.

traderbit

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Quote from: V for Varoufakis on March 31, 2016, 12:46:20 PM

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?

Well it's not how you mentioned in the title, you mean to give loan without interest, if you meant this then yes, this is how should normally bank acts, they can profit a lot from other sources like bank fees, transaction to another country etc.

albertocp

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Isn't a loan free money?

Topic: Why the banks dont give free money? Why they loan it? - page 10. (Read 8772 times)