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Old 07-29-2016, 06:24 PM
Daywolf Daywolf is offline
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Originally Posted by Nibblewitz [You must be logged in to view images. Log in or Register.]
Corporate banks, hence my criticism of change.
That's nuts. Those were business loans, and all paid back, a very expected practice in real estate. They get loans based on having the money already, or on existing collateral, it builds business confidence, credit rating, just like how you would do if (well in the old days) when trying to build a good credit line for getting a good house mortgage. You keep all your money in your sock, do ya? Live in a cardboard box?
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Old 07-29-2016, 07:19 PM
Nibblewitz Nibblewitz is offline
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Originally Posted by Daywolf [You must be logged in to view images. Log in or Register.]
They get loans based on having the money already
Incorrect. Money is created by the loan, not the other way around. Now take interest into account, and bam! there's always more debt (loans and their interest) than money.

And money is the limiting factor to change; money places a premium on what can and cannot be done.

If we want things to change, we may as well scrutinize the way money and debt enters the economy. OR, we can speculate who gets voted off the island on the next episode of Survivor: Washington, D.C.
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