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Author Topic: Why the banks dont give free money? Why they loan it?  (Read 8639 times)
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June 07, 2016, 11:18:53 PM
 #161

Banks are just businesses and need to make money to pay employees like everyone else.

Who do you think pays for those beautiful golden parachutes that the fat cats get when the are given their walking papers, we do the users of their product.
Yeah, the banks made their money from deposits of the people because they will use it to lend the lenders in the market with an interest higher than the interest given to the depositors, its a matching business.
yeah but certainly to attract new customers to come they will give gifts or free money to loyal customers and had transactions that often? so that they get a good promotion and gain new users ?  banks sometimes give gifts to its customers when they have promos
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June 07, 2016, 11:20:47 PM
 #162

Are you encouraging communism, where everything is provided? If so, please stahp.

Banks are businesses. They are built to make profit while providing a service. They are good at what they do, is all I can say.

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June 07, 2016, 11:25:39 PM
 #163

Why would banks give out free money? There isn't any purpose for it and the person interested in taking out a loan didn't work for it, so they don't get it. For all the communists out there; equality means an equal opportunity, not an equal result.

They loan it because they got the money through providing something for other people, and take that money and make more off of it. It all makes sense, and they don't give it out for the reasons I mentioned above.
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June 08, 2016, 01:06:32 AM
 #164

Banks loan currency so they can get an expected return when the buyer brings it back. There are a lot of factors that go into what the interest rate for said loans will be.

However, if they knew that the borrower was going to blow his money away, they wouldn't lend it.

Adverse selection problem, interest rate is part of the collateral.

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June 08, 2016, 05:55:22 AM
 #165

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

The banks use people`s savings to give loans and to pay interest for all the deposits.

You should read more books about economics and finance.

Free funding?Really? Huh
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June 08, 2016, 07:38:49 AM
 #166

If banks give out free money, then the currency base will expand infinitely. The loaning part is also giving banks a bit of profit, so that they can sustain in this huge fiat scam of our world.

Banks want a slice of the profit, under the fractional reserve scheme.
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June 08, 2016, 08:11:21 AM
 #167

Because giving out free money just would not make sense, the banks need to make money to so if they would give out free money they would not make any progress in making money.
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June 08, 2016, 08:39:59 AM
 #168

this is such a stupid question why do you think banks cant give you free money if they give you free money they need to give everyone free money. I dont think that they have enough to just give everybody free moneys...
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June 08, 2016, 08:47:53 AM
 #169

Banks have operating expenses like pay salaries, utilities, building rent and other consumables so they need an income and for them to have income they have to come up with a money making idea like loans and they earn from interest, aside from the interest they also earn from the penalties paid by depositors who did not meet a certain amount of account balance per month.
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June 08, 2016, 09:02:17 AM
 #170

Banks have operating expenses like pay salaries, utilities, building rent and other consumables so they need an income and for them to have income they have to come up with a money making idea like loans and they earn from interest, aside from the interest they also earn from the penalties paid by depositors who did not meet a certain amount of account balance per month.
Definitely, they are operating in business and they cannot operate without its people, bank have employees, like, (tellers, cashiers, managers, accountant, auditor, loans officers, middle and top management).

All of them needs to be paid in order to function and operate in banking hours, without your bank income you cannot pay them and there is no operation, pretty simple right?

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June 08, 2016, 09:06:09 AM
 #171

Banks have operating expenses like pay salaries, utilities, building rent and other consumables so they need an income and for them to have income they have to come up with a money making idea like loans and they earn from interest, aside from the interest they also earn from the penalties paid by depositors who did not meet a certain amount of account balance per month.
Definitely, they are operating in business and they cannot operate without its people, bank have employees, like, (tellers, cashiers, managers, accountant, auditor, loans officers, middle and top management).

All of them needs to be paid in order to function and operate in banking hours, without your bank income you cannot pay them and there is no operation, pretty simple right?

Yeah its pretty simple and in addition to that why would it be called a bank anyway if they give free money?  Grin

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June 14, 2016, 12:43:28 AM
 #172

Banks have operating expenses like pay salaries, utilities, building rent and other consumables so they need an income and for them to have income they have to come up with a money making idea like loans and they earn from interest, aside from the interest they also earn from the penalties paid by depositors who did not meet a certain amount of account balance per month.
Definitely, they are operating in business and they cannot operate without its people, bank have employees, like, (tellers, cashiers, managers, accountant, auditor, loans officers, middle and top management).

All of them needs to be paid in order to function and operate in banking hours, without your bank income you cannot pay them and there is no operation, pretty simple right?

Yeah its pretty simple and in addition to that why would it be called a bank anyway if they give free money?  Grin
I afree with you. In addtion to that, banks get interest on loans so that they will have profit not just to be used as a payment to their employees. The bank also needs to pay electric bills.
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June 26, 2016, 02:47:07 PM
 #173

Banks have operating expenses like pay salaries, utilities, building rent and other consumables so they need an income and for them to have income they have to come up with a money making idea like loans and they earn from interest, aside from the interest they also earn from the penalties paid by depositors who did not meet a certain amount of account balance per month.
Definitely, they are operating in business and they cannot operate without its people, bank have employees, like, (tellers, cashiers, managers, accountant, auditor, loans officers, middle and top management).

All of them needs to be paid in order to function and operate in banking hours, without your bank income you cannot pay them and there is no operation, pretty simple right?

Yeah its pretty simple and in addition to that why would it be called a bank anyway if they give free money?  Grin
I afree with you. In addtion to that, banks get interest on loans so that they will have profit not just to be used as a payment to their employees. The bank also needs to pay electric bills.

I do not mind for the banks to earn money. They provide a essential service service to the society. When they use bitcoin, they can make more money.
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June 29, 2016, 07:45:12 AM
 #174

Because giving out free money just would not make sense, the banks need to make money to so if they would give out free money they would not make any progress in making money.
Yeah that is what I mean the bank have a business to and they need to make sure that they also make money. So giving out free money is something that nobody really does.
They loan it but you will have to pay extra back so you actually pay money to loan money.
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June 29, 2016, 07:47:54 AM
 #175

This is because banks technically own the money and they only let you borrow it.

If you let someone borrow your phone, do you just give it to them or do they have to return it afterwards? Common sense.

What you're describing is communism.
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June 29, 2016, 10:23:27 AM
 #176

Banks don't give free money because they are just another business establishment. They need money to pay for their employees, electric bill etc. The money that can be loaned in the bank are their money and they are just taking profit from it and why would they give it for free if they need money to pay for their employees, bill etc? it wouldn't be called a bank if it gives free money then.
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June 29, 2016, 10:55:16 AM
 #177

The answer is that simple that when you work why do you get money, even you can work for free. Since the business entity i snot to do charity but to earn the revenue out of it so they charge the interest on the loan.
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June 29, 2016, 12:26:49 PM
 #178

Banks are business, ofcourse they wont give money if they cant benefit from it. they were earning from the interest of loan and penalties from the depositors. banks are not charitable institution to give free money to people.

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June 29, 2016, 12:40:45 PM
 #179

The answer is that simple that when you work why do you get money, even you can work for free. Since the business entity i snot to do charity but to earn the revenue out of it so they charge the interest on the loan.

well yeah you can work for free though if you dont have any habits of doing stuff for free you will most probably choose to work for money especially nowadays when money is really important

banks give loans because they take back a huge interest from it thus it brings them a lot of profit, also they loan out the depositors money, thats why banks are evil, BASICALLY: THEY MAKE MONEY FROM INVESTORS WITHOUT HAVING THEIR OWN MONEY
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June 29, 2016, 12:42:22 PM
 #180

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
How a bank gies out long is basically just a pyramid scheme. It is not the banks money that they are lending but in fact it is someone elses money that they loan to another person.
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