To: Talisker
Imagine having ten bucks and being able to loan out $300 in credit to other people while charging them interest on that imaginary money. You could try that. After the first $10 in loan checks clears, your bouncing loan checks will put you out of business....and probably in jail.
That's literally what banks do.
LOL! Hilarious!
28 posted on
04/02/2015 8:17:30 PM PDT by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Toddsterpatriot
Please account for the progress of time and the flow of money in your analysis.
30 posted on
04/02/2015 8:21:30 PM PDT by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: Toddsterpatriot
You could try that. After the first $10 in loan checks clears, your bouncing loan checks will put you out of business....and probably in jail. LOL! Hilarious! No, you can't try that. What are you, thick headed? Only banks can make up debt out of thin air - they've got a license to do that. Don't you know what fractional banking even is? It means the don't have the money they are loaning out. And it's certainly not funny, not at all.
At least learn the basics about a subject before you post.
44 posted on
04/02/2015 8:34:38 PM PDT by
Talisker
(One who commands, must obey.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson