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Originally Posted by Unarmed Gunman
Whoa - you're opening up a big can of worms with that.
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I don't think so.
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Originally Posted by Enigmabomb
That's collosally fucked up if they don't follow the strictest of guidelines, which as it seems they dont.
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It's a system that is setup to fail, reset, fail, reset. Each time, the most wealthy get to snatch up property at a discount, and confiscate wealth through government.
Quote:
Originally Posted by snavr
People will never lend money for free ... seriously, why the fuck would you? ... so you have interest. And interest creates wealth out of nothing.
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There is another option. Instead of a fixed rate of return, you make an investment and profit from it. You buy into a company, and you receive dividends on your capital investment. If the company does well, you do well. If the company does poorly, you don't get a return.
That is how it was done in the day.
The only reason we don't do it that way anymore and conform to the interest model instead, is that the banks issue all of the credit in the economy. They are allowed to "print" money out of thin air, and no private capital holder can compete with the superpower of legal counterfeit.