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Author Topic: Why the banks dont give free money? Why they loan it?  (Read 8639 times)
ronaldinho_07
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April 11, 2016, 02:50:33 PM
 #101

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.
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April 12, 2016, 09:08:14 AM
 #102

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.


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mrhelpful
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April 12, 2016, 04:56:28 PM
 #103

Like any business, it needs to be in a profitable zone.

So a loan to them is basically the structure it needs to run hundreds of atms across all lover, and payout investors as well.

Without profit, theres no need a business to stay open.
ronaldinho_07
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April 13, 2016, 06:38:28 PM
 #104

I agree with you what would be the purpose of lend money or offering service ,just to pay the taxes to the state and not earning nothing with those?If were this way to share with others free we wouldnt  see any single company opened.The thing is you asking maybe to get a loan without interest,but how can the bank be sure you will repay all,thats why the interest is charged to avoid they loose.
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April 13, 2016, 07:55:17 PM
 #105

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.

Yeah, I agree with you, and the banks do not get the money from their trees , but they are the property of someone for which the banks do their work and in return give some profit to the owners of that money.
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April 13, 2016, 09:02:07 PM
 #106

no anything is free in this world and no one will give you anything without benefit it's same like a bank they need profit to pay their staff.

Carlsen
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April 13, 2016, 09:20:36 PM
 #107

It makes not much sense if you give somebody money and get the same amount back.
You have the risk of losing it without any advantage for you.
The interest has to cover your risks.
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April 13, 2016, 09:26:11 PM
 #108

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.

Tell that to Germany in the 1920s. They thought they could just print all the money they wanted to pay off all their debts and it lead to hyperinflation. The more money you print for no reason, the less it's worth. That's the problem with your concept of "free money for everyone." If you just print money for no reason - if the money isn't linked to any actual value that has been created - then it is worthless. Money has value because it represents something that already exists that has value.
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April 13, 2016, 11:39:11 PM
 #109

that's why i hate them, actually banks have nothing, the concept like this
rich people has lot of money  --- saving on banks ----- aka deposite
poor people looking for money --- loan from banks
while bank they are just took some cost from those transaction, in my country you will cost for everything you've done saving money, losing your card, transfer and so on
Crazygreek
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April 14, 2016, 12:29:45 AM
 #110

Bank need money to so they loaning money for you and reciving it from your with %. It's very simple and it's works, people still using banks insteed bitcoin  Smiley

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April 14, 2016, 03:29:53 AM
 #111

Bank need money to so they loaning money for you and reciving it from your with %. It's very simple and it's works, people still using banks insteed bitcoin  Smiley

Why the banks gives money for free. Nothing is free in the world.

People using banks more because they are unaware of the bitcoins and the benefits that bitcoins brings with itself.
Metadextrous
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April 14, 2016, 03:32:23 AM
 #112

Do you want to get an inflation?

Because that's how you get an inflation. Roll Eyes
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April 14, 2016, 12:03:52 PM
 #113

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.

Tell that to Germany in the 1920s. They thought they could just print all the money they wanted to pay off all their debts and it lead to hyperinflation. The more money you print for no reason, the less it's worth. That's the problem with your concept of "free money for everyone." If you just print money for no reason - if the money isn't linked to any actual value that has been created - then it is worthless. Money has value because it represents something that already exists that has value.

Not just Germany, countries all over the world suffer from inflation. You have cases of hyperinflation popping up now and then.
Apart from Germany, Zimbabwe is a good example. Leaders can easily destroy countries by their recklessness.

V for Varoufakis
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April 14, 2016, 03:57:03 PM
 #114

Do you want to get an inflation?

Because that's how you get an inflation. Roll Eyes

Nope. The tax protects from inflation.
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April 14, 2016, 06:05:08 PM
 #115

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.

Tell that to Germany in the 1920s. They thought they could just print all the money they wanted to pay off all their debts and it lead to hyperinflation. The more money you print for no reason, the less it's worth. That's the problem with your concept of "free money for everyone." If you just print money for no reason - if the money isn't linked to any actual value that has been created - then it is worthless. Money has value because it represents something that already exists that has value.

Not just Germany, countries all over the world suffer from inflation. You have cases of hyperinflation popping up now and then.
Apart from Germany, Zimbabwe is a good example. Leaders can easily destroy countries by their recklessness.

Yes of course, Germany is just my go to example because people don't generally equate hyperinflation with the western world. I actually bought a 100 trillion dollar Zimbabwe note on eBay as a novelty. The currency had more value for westerners who thought it was cool than t did for anyone trying to use it as a currency.
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April 15, 2016, 03:51:04 AM
 #116

It makes not much sense if you give somebody money and get the same amount back.
You have the risk of losing it without any advantage for you.
The interest has to cover your risks.

Exactly described, just think of lending our bitcoins. Why we were lending our bitcoin after getting proper collateral. The same is taking place with the banks in different schemes. It is beneficial to users as well banks.

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May 09, 2016, 02:14:38 PM
 #117

Why would the bank give out free money? I just do not see any sense in doing that, if the bank gave everyone free money then there would be no reason to work.
The bank needs to make money to so they loan it.
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May 09, 2016, 04:17:23 PM
 #118

Why would the bank give out free money? I just do not see any sense in doing that, if the bank gave everyone free money then there would be no reason to work.
The bank needs to make money to so they loan it.
Banks basically make money by lending money at rates higher than the cost of the money they lend. More specifically, banks collect interest on loans and interest payments from the debt securities they own, and pay interest on deposits and short-term borrowings.
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May 09, 2016, 05:46:43 PM
 #119

The banks are businesses so they will not give out money. They are loaning it for a profit which is fine. The problem is when banks make mistakes or defraud the people and instead of having to take responsibility, they get bailed out by the government.
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May 09, 2016, 06:18:14 PM
 #120

As miners were needed to have a successful transaction of bitcoin, lot many employees were used to make the banking system run perfectly. Miners earn through transaction fee. Here in banks they use the different schemes and with those interest and profit employees will be paid. This is the reason why bank don't give anything without certain percentage of interest.

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