Why the banks dont give free money? Why they loan it?

[plost24]

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

Why the banks dont give free money? Why they loan it?

uncontrolled people will ask for more money if bank give free money,almost all people are greedy,its the matter.
bank loan money for interest,they have big interest to get profit,its should not asked in future.

it is normal they loan the money of other to make profit so bank don't use their own money to make income.
and like you said if it will give free money how it can make profit or give back the money saved from others.

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[jaysabi]

There really is no money in the first place.  It stopped being money (USD for example) when it was no longer backed by gold.  It is madness that interest is charged on something that does not exist in the first place. They don't have to "give free money" they GET free money.

There certainly is money. Money is currency. It's tangible, you can hold it in your hand; it exists. Furthermore, society has agreed that it has value, which is what makes trade possible. People won't trade with something that "doesn't exist." You can hate the current monetary system or hate that it isn't backed by gold. But you can't deny it exists and be taken seriously.

[avikz]

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

My question to you is, why would the bank give you free money?? Why are you expecting to receive free money??

Loan is an asset for the bank from where they earn interest and pays back the interest to the savings account holders. Banks make profit with the difference in interest rates. That's business for them and the whole banking system is using this model.

It's better to work for money instead of hoping to receive free money from banks.

[V for Varoufakis]

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

My question to you is, why would the bank give you free money?? Why are you expecting to receive free money??

Loan is an asset for the bank from where they earn interest and pays back the interest to the savings account holders. Banks make profit with the difference in interest rates. That's business for them and the whole banking system is using this model.

It's better to work for money instead of hoping to receive free money from banks.

No, the bankers must go to work because they earn money without work.

[blackmachinegun]

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

I don't think so because with the borrowing. someone who needs the money will be helped by it. although they should pay the interest but it is very helpful for people who need money
but of course the cost of interest must be in accordance with your abilities not too big <10%

[Indrawan77]

Imagine what will happen if bank give free money, all of human will become lazy and the economic of the country will stop

[V for Varoufakis]

Imagine what will happen if bank give free money, all of human will become lazy and the economic of the country will stop

I disagree because the 90% of the works do by machines.

[jaysabi]

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

I don't think so because with the borrowing. someone who needs the money will be helped by it. although they should pay the interest but it is very helpful for people who need money
but of course the cost of interest must be in accordance with your abilities not too big <10%

Interest rate is largely related to risk. If you're a risky borrower, you pay higher interest because you're more likely not to pay back the loan, which requires someone to have a larger potential reward in order to make it worth it to take on the risk of making the loan. Of course, risky borrowers always have the choice to save for what they want to buy and pay for it in full instead of borrowing.

[botany]

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

I don't think so because with the borrowing. someone who needs the money will be helped by it. although they should pay the interest but it is very helpful for people who need money
but of course the cost of interest must be in accordance with your abilities not too big <10%

Interest rate is largely related to risk. If you're a risky borrower, you pay higher interest because you're more likely not to pay back the loan, which requires someone to have a larger potential reward in order to make it worth it to take on the risk of making the loan. Of course, risky borrowers always have the choice to save for what they want to buy and pay for it in full instead of borrowing.

Risk is one aspect. There are a lot of other costs which banks have to factor in
- Interest they pay on deposits
- Employee and other overhead costs
- Cost of deposit insurance

[jaysabi]

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

I don't think so because with the borrowing. someone who needs the money will be helped by it. although they should pay the interest but it is very helpful for people who need money
but of course the cost of interest must be in accordance with your abilities not too big <10%

Interest rate is largely related to risk. If you're a risky borrower, you pay higher interest because you're more likely not to pay back the loan, which requires someone to have a larger potential reward in order to make it worth it to take on the risk of making the loan. Of course, risky borrowers always have the choice to save for what they want to buy and pay for it in full instead of borrowing.

Risk is one aspect. There are a lot of other costs which banks have to factor in
- Interest they pay on deposits
- Employee and other overhead costs
- Cost of deposit insurance

While all of that is true, I think risk of the borrower is the most crucial component in determining the rate. All of those other factors don't change the rate nearly as much as the risk of the borrower. This is true for individuals, and businesses that issue corporate bonds. The riskier the borrower, the more they pay in interest.

[Razick]

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

If the banks gave out free money no one would want to work and money would be worthless because 1) it would no longer be scarce and 2) no one would produce anything to sell since money is free.

[Nahl]

banks even they are supported by government they will never gave us free money because they also take advantage from the loans also on my country banks only give loans with collateral because if someone don't have it banks will never give us free loan basically banks give loans because they also want money

[V for Varoufakis]

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

If the banks gave out free money no one would want to work and money would be worthless because 1) it would no longer be scarce and 2) no one would produce anything to sell since money is free.

Tell that to Byron Dale: http://www.wealthmoney.org/

[MaritiJames3]

Why should the bank give you free money? Nothing is free so you will have to loan it. Banks loan out their money because you will have to pay more money then what you lend from the bank.

[V for Varoufakis]

Why should the bank give you free money? Nothing is free so you will have to loan it. Banks loan out their money because you will have to pay more money then what you lend from the bank.

For example, if im a government and i want to build a railroad, why i need a loan from central bank? I can print my own money without loan, without interest and build the railroad.

[zerocharisma]

Why should the bank give you free money? Nothing is free so you will have to loan it. Banks loan out their money because you will have to pay more money then what you lend from the bank.

For example, if im a government and i want to build a railroad, why i need a loan from central bank? I can print my own money without loan, without interest and build the railroad.

It's easy to say that. But you need to consider that when you print more money the value of that money would decrease due to inflation. C'mon it's just a simple economics it's called "supply and demand". Most bitcoin users know that.

[Barbut]

There really is no money in the first place.  It stopped being money (USD for example) when it was no longer backed by gold.  It is madness that interest is charged on something that does not exist in the first place. They don't have to "give free money" they GET free money.

Thanks you for understanding that it's exactly where is the problem...

Then nothing exist at all. Religions, governments, currencies etc.. nothing is real, it is just a tool to control masses. Its the system that runs all that, make classes, higher people.. in ancient Rome someone sad give food and games to a people. So they gave us many games to make us confused while they control important things.
I dont know will we be alive to see some real changes in the world, system have armies, police units, guns and everything else. They will protect it, evil people that wish everything for them.

[V for Varoufakis]

Why should the bank give you free money? Nothing is free so you will have to loan it. Banks loan out their money because you will have to pay more money then what you lend from the bank.

For example, if im a government and i want to build a railroad, why i need a loan from central bank? I can print my own money without loan, without interest and build the railroad.

It's easy to say that. But you need to consider that when you print more money the value of that money would decrease due to inflation. C'mon it's just a simple economics it's called "supply and demand". Most bitcoin users know that.

No, the tax system protects from inflation. If the velocity of money is too high (inflation) you can remove money from the economy with tax. Most people dont understand this simple economic theory. In the economic schools they teach bulshits because economic schools are controlled by jews and freemasons. They created this bullshit system based on usury.

[ronaldinho_07]

Would you do some work for free?The same way as banks they take a risk ,expose their capital(costumers savings)to you soo they need to take something around it.I doubt you would do a house for free since others are getting paid for the same service,banks will always charge.

[diodio5]

There really is no money in the first place.  It stopped being money (USD for example) when it was no longer backed by gold.  It is madness that interest is charged on something that does not exist in the first place. They don't have to "give free money" they GET free money.

Thanks you for understanding that it's exactly where is the problem...

of course the banks will not give it freely. bank is an organization that is always thinking about their profits. bank profited from the interest on the loan. but sometimes the bank will give you free money if you have transactions and account on there. and it is usually done every year for their birthdays or holidays.