People don't seem to understand our financial system. When banks are allowed to create money out of thin air and then charge interest on it, there will ALWAYS be a certain percentage of the population in debt. This is because the debt can NEVER be fully payed off because the money to pay it off never existed in the first place. That is just how it works in America.
In the United States, banks are only required to have 10% of the money they lend out (called Reserve Requirement), meaning that 90% of the money they lend out doesn't exist and they are COLLECTING INTEREST on this non-existent money. In other words, some people will always end up with the short end of the stick. Knowing this, why are conservatives/republicans against redistribution of wealth? Anyone?????
In the United States, banks are only required to have 10% of the money they lend out (called Reserve Requirement), meaning that 90% of the money they lend out doesn't exist and they are COLLECTING INTEREST on this non-existent money. In other words, some people will always end up with the short end of the stick. Knowing this, why are conservatives/republicans against redistribution of wealth? Anyone?????