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Author Topic: Why the banks dont give free money? Why they loan it?  (Read 8639 times)
Laosai
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April 01, 2016, 01:03:20 PM
 #41

I don't see too much of an issue with banks charging a small amount of interest as they need to survive, what I have a problem with is the payday and short term loan companies which have interest levels up in the thousands, these just prey on the poor people who need money quickly and are struggling.

Yeah if interests are here to cover the costs no problem with that. But that would make 0.05% interests, not the usual 3%.

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April 01, 2016, 01:57:51 PM
 #42

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

People are sarcastic about this and FYI they do charge interest as well however the interest is very low compared to the other stuff. Im not fond of their religion however they got some X percentage interest tolerant and the banks could charge that, moreover the fees is only to cover their service and get slight profit

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April 01, 2016, 02:08:25 PM
 #43

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

Only if this system functions properly banks would continue. Else there will not be much banks and no more profits will be earned on making a account with them. Only with those amounts got as interest the banks make good profit.

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April 01, 2016, 02:40:31 PM
 #44

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?

they probably have low cost since their infrastructure are cheap and also do not forget that they probably own the petroil there so they have a large quantity of funds in case of bankrupt
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April 01, 2016, 02:52:21 PM
 #45

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
no,i'm not agree. if banks give free money,people will uncontrolled,goverment can't control the economic system,its what i think about this.
"people always want goverment to give them money,but actually govement earn money from people" Grin
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April 01, 2016, 04:04:20 PM
 #46

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

no it is not a scam, but like someone said,robbery, but yes why banks should give free money to anyone? this is their way to earn money, they loan you money you give more back, if you don't want to give back more then don't loan
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April 01, 2016, 05:28:33 PM
 #47

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

Only if this system functions properly banks would continue. Else there will not be much banks and no more profits will be earned on making a account with them. Only with those amounts got as interest the banks make good profit.


Yes only the loan through which they get lot of profit. Eg. If they provide loan for 9-10% for 10years then they get the double amount + Interest along with that....obviously when they make this huge so why will they provide free money???
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April 01, 2016, 05:44:31 PM
 #48

banks got a lot of income by providing loans because they can get interests on it and also if they will give you money for nothing then what they got and also if everyone will money for free then the value of money will be 0 cuz everyone will get it without doing nothing





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April 01, 2016, 05:52:28 PM
 #49

The worst part is, they allow reckless burrowing and loans and created money out of thin air, and when you cannot afford to pay this debt, they reposes your assets and turn your fake debt into real value. You

just got suckered to hand over your real assets for debt that was just numbers on a ledger. Some of these financial organizations even sell your debt to debt collector agencies and make an income from your

debt, without even having to lift a finger. Your debt has just become an profit for them and they did not even have to deal with you... you blame the debt collectors.  Roll Eyes

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April 01, 2016, 06:18:06 PM
 #50

Spending not Lending all new money into circulation is the only change that will Free America and its people from Economic Servitude.

The U.S. Treasury would create new money as numbers like the banks do now when they make loans.
The new numbers (money) would not be a loan but rather a final, debt-free, earned payment.
The new numbers (money) would be spent, not lent into circulation debt and interest-free, in lieu of taxation or bonding as a payment earned through the building and maintenance of Public Roads and Bridges.

The new numbers (money) would not be a loan but a final, debt-free, earned payment.
The new numbers (money) would be SPENT, not lent into circulation debt and interest-free, in lieu of taxation or bonding as a final, debt-free, payment earned through the building and maintenance of Public Roads and Bridges that people would use with no fees or taxes of any kind.


http://www.wealthmoney.org/authors/byron-dale/
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April 01, 2016, 08:04:48 PM
 #51

Don't ask me how exactly, but if you fix the money, you will fix world - that much I'm completely sure of.

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April 01, 2016, 08:17:08 PM
 #52

The only simple answer is - Banks lend because they have interests to pay ahead, so it's just another source of income that they have to offer their users who already have accounts there...

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April 01, 2016, 08:57:21 PM
 #53

Well the banks need to make money as well, if they give you the money for free, how are they going to do that. It is pretty fair for the workers I guess, but not for the people needing loans.
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April 01, 2016, 09:17:42 PM
 #54

you can say the job of bank is to save money and take profit from that and invest those money in loan as well to make more profit .
if they don't do like that it will be no need to make a bank and work in it and hire worker to pay them.
it will be just wasting his money and no one want that .

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April 02, 2016, 01:27:39 AM
 #55

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.

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April 02, 2016, 01:29:13 AM
 #56

Isn't a loan free money?
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April 02, 2016, 01:42:22 AM
 #57

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.

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April 02, 2016, 10:02:40 AM
 #58

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.

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April 02, 2016, 10:20:46 AM
 #59

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

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April 02, 2016, 10:22:28 AM
 #60

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?
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