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Author Topic: I told you so...  (Read 5375 times)
The Sceptical Chymist
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December 30, 2015, 11:43:32 PM
 #81

Let me add more to your BS here.  Your wonderful money banking system is backed by our government, a government who is trillions of dollars into debt and who owes China so much they could cause some major issues for us if they wanted to go that way.  Getting back to the money part of this all:  Lets say you deposit 1 million dollars into the bank savings.  lets say for example that this million dollars will purchase you 100,000 apples.  They give you 2.3% interest for your deposit.  They turn around and are ALLOWED to loan up to 10 million dollars out to the public based on your deposit.  For those loans they charge an average of 11% interest.  So they are making 1.1 Million dollars on your money.  What happens when they get into issues, our government bails them out, just like they did before, making the value of your dollar do down and the prices of goods go up.  So you still have your 1 Million dollars in the bank, but that million dollars will only be able to buy part of what it could buy before you deposited it.  Instead of that million dollars being able to buy you 100,000 apples, you can only now buy 70,000 apples because of price increases.  You have some ideas behind what you yap about, but you need to educate yourself before you support one thing over another.  
Dude, who are you ranting at?  Lol, I think OP has long since abandoned this thread, which was bumped today by someone who had the link saved or whatever.

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knightkon
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December 31, 2015, 02:27:22 AM
 #82

Let me add more to your BS here.  Your wonderful money banking system is backed by our government, a government who is trillions of dollars into debt and who owes China so much they could cause some major issues for us if they wanted to go that way.  Getting back to the money part of this all:  Lets say you deposit 1 million dollars into the bank savings.  lets say for example that this million dollars will purchase you 100,000 apples.  They give you 2.3% interest for your deposit.  They turn around and are ALLOWED to loan up to 10 million dollars out to the public based on your deposit.  For those loans they charge an average of 11% interest.  So they are making 1.1 Million dollars on your money.  What happens when they get into issues, our government bails them out, just like they did before, making the value of your dollar do down and the prices of goods go up.  So you still have your 1 Million dollars in the bank, but that million dollars will only be able to buy part of what it could buy before you deposited it.  Instead of that million dollars being able to buy you 100,000 apples, you can only now buy 70,000 apples because of price increases.  You have some ideas behind what you yap about, but you need to educate yourself before you support one thing over another.  
Dude, who are you ranting at?  Lol, I think OP has long since abandoned this thread, which was bumped today by someone who had the link saved or whatever.
Never even noticed that the OP had abandoned the thread.  I just seen the thread bumped and clicked the link to watch the videos we wasted life on making and had to put in my two cents in!!!  People like that get me going and I think this guy is a class act!!

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