At 9/26/11 12:48 AM, Jin wrote:
At 9/25/11 08:03 PM, TiredPaperBoy wrote:
Then the banks are in shit.Do you know how banks work? It's a big system of corruption most people don't realize. That's why some people would rather keep their money at home.
Watch money as debt.
What the shit?
"Today, MONEY IS DEBT. If there were NO DEBT there would be NO MONEY."
I need to read that much to realise whatever the fuck that is, it's stupid.
Yes the banks lend more money than they have, how is that a problem as long as people actually pay that shit back.
It's not corrupt, it's common knowledge that this is how banks work, whats wrong with it? Why is it corrupt?
It's a bussiness, gotta make money and thats a damn good way as long as people don't flake out on their debts, which happened because your dumbass banks lent to everyone and anyone with a pulse, which Europe or atleast the UK, had invested in.
Debt is debt, a lack of money is debt. Money has value, a value we assign it as a form of trading. Don't like money? Go back fuck knows how many thousands of years and trade chickens and stuff of equal value... however, the evolve as a society and use currency.
Basically, the problem is, everyone who was lent money, lost it all, and then everyone who lent the money to these failures, had lots of property and shit they reproccessed where they had to no money and since this was the case in alot of scenarios, there was a huge supply of worthless goods, with no one to buy em.
Money isn't evil, people who fold on their debts are.