HOW
IT WORKS - WHY IT WILL CRASH, IMPLODE, BURN and suck all the air out
of you (very short)
Posted
By: Nemesis
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Date: Tuesday, 25-Aug-2015 18:40:22
Date: Tuesday, 25-Aug-2015 18:40:22
A BANK LENDS YOU $100 FIAT DOLLARS AT 10% INTEREST FOR 30 DAYS.
AT THE END OF 30 DAYS YOU OWE THE BANK $110.
YOU GIVE THE BANK THE $100 IT GAVE YOU.
WHERE DOES THE EXTRA $10. DOLLARS COME FROM TO PAY THE BANK?
THERE IS NO EXTRA $10. DOLLARS.
THE $10. OWED IS THE “NATIONAL” DEBT.
IT CAN’T BE REPAID........BECAUSE IT DOESN’T EXIST.
THE BANKING SYSTEM HAS TO CRASH, EEEEEEEVENTUALLYYYYYEEEEE.
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=25896
2 comments:
Sorry, your numbers do not compute. At 10.00% interest on $100.00 the interest for 30 days would be about 8 cents not $10.00. I used the old "simple interest" calculation which is what banks use. To get $10.00 in interest, the rate would be 122%. I may be off by a few cents but that's all. Not saying the system is justified or good, but it is what it is. Hope to see it gone soon.
Maybe you are not the smart one as he is using the Rothschild's Derivative version of the calculations!!!
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