Topic: Why the banks dont give free money? Why they loan it? - page 12. (Read 8772 times)

That's where you're wrong. Fact is that every penny in the world goes through banks. It means they get interest on absolutely EVERY dollar!
There is nothing you can do about it. You all pay the interest back to banks.
But if banks control every dollar, what can you repay them with? Well with more dollars banks print and lend.

I think it's not a scam.
loaning is a kindness. but that makes it malicious is the tax and the time period. 

It is a very big scam and the professors of economics say nothing about it. People have the right to sue the banks.

Why would they give it for free if they CAN charge u gross amounts

banks are robber, they gather ton of money from people and make people suffering by lending it to people without spending their money,the most thing i hated from bank is their marketing language,they say 1% interest when you want to take a loan, but the 1% interest will be charged every months,and it'll more than 50% interest of total at the end

if you don't want to be suffering,you should get away from bank and just use decentralized thing

banks are just another business trying to earn money by getting it out of the people who are in need of money. that is the whole purpose of their existence.
before there were mafia and loan sharks with face scars who broke your legs if you didn't pay back now there are banks doing the same thing wearing a nice suit.


haha. you wish...
it is 16%-20%

the revenue from taxes is something in comparison with the whole priting scam, they would be lucky if it reach 10%, since many are also evading it

Oh. Totally forgot about it. Haha.
Things make sense to me now

Sure loans is trap slavery The biggest shit is that banks are landing not his money
becouse thay dont have money and thay ont have any value thay have created debt money
it is not scam it is terrorism bankers has to be jailed

No, we have the tax system to avoid inflation. If you pay tax you dont need to payback the loan.

As of now, i started live only on btc and my work.
I was forced to do so and as of now feeling better than before. Dont have to be scared that my card wont work because bank frozen account or have some crap failure.

I have full time employment and basically fiat is minimal in my hand. If i need extra just using BTC.

Screw the banks. 2 months now im living without them and it seems its ok.

 

Banks are scams, yes. Banks are built like that. The system is not broken, it is made that way.
They claim to produce their profit by stock exchange but it's with the loans.

Banks don't give free money because if they do, inflation is at stake. You see, there's the bad and good side of the existence of banks and loans

Theres not much we can do about a system though lol.

All we can do is hope for the love of god people use this coin to lessen our debts or one day be used for something that gives an incredible value so we can all cash out to not need loans lol.

But yeah what youre describing is the US system on how the IRS and treasury which aids back to their bailouts with their federal reserve.

Loans/mortgages/credit cards u name it banks got it.

None of above is real- just digits in system. Once you agree to loan money are created thanks to you and nobody else.

Banks just type few digits in your account and BAM, loan(thin air) became real money.

Each month you giving away real money/work to payback illusion created by bank.

Credit score-history was created by banks for one reason, to get list of people who are not good for banking business.

Try take loan and don't repay that, what will happen?  Bank will sell debt to some shady debt recovery companys for 1/3 value of loan(thats real interest they would earned if you would repay loan) and new owner will pursuit you for debt. In UK after 6 month time debt is ressel again to another and so on.
Bank have no power to force anyone to do anything against his will. So if you choose to not repay CC or loan they will sell debt and write off rest.

In some cases bank can take you to court to make you bankrupt but it's not easy for them do that, they need customers regardless if good or not.

Just read terminology on bank adverts...deposits 5% EAR , loand 7.4% APR, all that staff is created to mislead.

Biggest robbery? PPI for each product from bank. Loand with PPI cover could cost 1/5 of all loan just for PPI.
Later banks was forced to pay back all and who was to blame? NOBODY> Banks doing shady deals untill are caught red handed.
Biggest crooks are not people who dont pay taxes or hiding revenue to make decent living. Biggest crooks are banks. They doing what they want and they cannot be touch.

its a system they made over the years.

not much of a scam, but only needed to build credit etc. Loans are fine, its just the disguised interest rates is where the robbery begins.

There are a wide range of loans and it is unfair to call them all a scam. Normal loans where you might pay 3% yearly over the lifetime of the loan seem reasonable. This allows for various things like admin and a small bit of profit to the bank - as it should be. It's the payday loan lenders who offer short term but expect an incredibly high return that ruin it for the others. You have to look after your own credit rating as well

Loans are not a scam. This is the way the banks and the quick loan companies are making their money. It's a business like any other where you have a shortage of funds and you can't pay your bills for the month so you go and use their service. Like it's up to you if you are gonna get a loan or not they haven't pointed a gun to your head.

A loan is a scam, banks dont lend you anything they create money out of thin air in the form of credit and charge you interest for the privilege.  Its all a complete scam that the general public know nothing about.

I mean the tax to the state.

I still don't understand. You don't pay the tax, what kind of tax do you pay on a loan?