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/biz/ - Business & Finance

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16701576 No.16701576 [Reply] [Original]

Tell me why in a mordern society people have to pay back more money to greedy bankers than they even borrowed in the first place?
>inb4 B-BUT MY GOD CAPITALISM SAID TOO

>> No.16701600

>>16701576
did you forget interest?

>> No.16701604

>>16701576
A loan is like a time machine to the future, it allows you to use money which you have not earned yet. You must pay for the privelege of this. Interest rates exist so that in case you stop paying your loan for whatever reason, at least the entity that loaned you the momey doesn't lose 100% of what they lent

>> No.16701621

>>16701576
>DUDE JUST LET ME BORROW YOUR MONEY FOR FREE LMAO

>> No.16701658

>>16701604
actually that is what collateral is used for. usually collateral is worth a fraction of the loan you take. 1/9 or 1/7 or 1/5 of loans worth.
interest is just normal profit assuming everything goes well and the loan gets paid back.

its actually pretty fair. with fractional reserve banking banks can lend out lets say 9 times than what they have backed. to counter this advantage, YOU can loan 9 times the amount you put as collateral.

>> No.16701671
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16701671

>>16701621
That's literally what banks are for

>> No.16701726
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16701726

>>16701604
>pay for the privilage of not being zillions of times less fortunate then rich assholes

>> No.16701815

>>16701576
Because you are too weak to do anything about it. Enjoy whining impotently online about how unfair society is lmao

>> No.16701841

>>16701621
why not, the federal reserve does it

>> No.16702157

>>16701658
Yes but interest is in a way like this as well, moreso for things which you can't take collateral, such as students loans. You can't take back a degree.

You can even see examples in loans which can take collateral, such as a mortgage. You can repossess a home, and still in the beginning payments of a mortgage, notice how the vast majority of your money goes towards the interest on the loan and not the principal. It is not split equally, they first make you pay back what they're risking, and only then does your money go towards the actual house.

>>16701726
You sound like an 8th grader. What does anything have to do with anything. You have to pay for the privelege of being poor.

>> No.16702303
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16702303

>>16702157
>You sound like an 8th grader. What does anything have to do with anything. You have to pay for the privelege of being poor.

>> No.16702669

>>16701671
> lolol let's just nationalize the banks
Or we could not you commie faggot

>> No.16702793
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16702793

>>16702669
>NOOOOOOOOOOOOO, YOU CANT JUST LET POOR PEOPLE HAVE MONEY, YOU HAVE TO WAIT FOR WEALTH TO TRICKLE DOWN
Your dumb rich "people" religion never worked and never will, cope harder

>> No.16702811

>>16701576
Why on Earth would the bank let you borrow their money?

>> No.16702813

>>16701726
What does each green block represent?

>> No.16702825

>>16701576
Troll/10

>> No.16702893

>>16701815
>t. rich cocksucker

>> No.16702925

>>16701576
1/2
The money isn't real. It's a tool created to steal all of the property you were supposed to inherit from your forefathers.

"Money" is created and loaned out to people who then use it to trade for goods and services.

That loan has to be repaid in installments with interest so that the total amount of this money ever in existence is what has been loaned out.

So let us say 10 million has been loaned out and there is 10 million circulating in the 'economy' and that has an interest rate of 10%. There is only 10 million available to repay with, but 11 million is due to be paid.

Oh no! That creates a dilemma, but no worries because some new people have just obtained a new loan from the bank and now there is more money circulating which the guys who took out the old loan can 'earn' to help pay off their interest.

Great stuff! Let's continue for some time.

Now the banks have given out a lot of loans. There's a lot more money circulating and there's a lot of interest to be paid.

>> No.16702934

>>16701576
2/2

Many people have mortgages, business loans, cars but something is going to change. The banks are going to say no to new applications for loans. They have said no because the people who control the money have declared that enough property is backing the loans and its time to pull the plug and collect real assets.

So the bank says no to new loans. That means there is still money in circulation and some guys will be ok and manage to pay off their loan + interest good job for them! But it isn't mathematically possible for everybody to do the same. Unfortunately there are more losers than winners and when it comes to repayment date, people can no longer pay because they were laid off due to the business not making enough money to pay off their loan so they were foreclosed, now the mortgage can't be paid for the employees there.

Oh no! Now the power of fake money is understood. Now that you wished away your property on a scam and the scam has come full circle you are broke. Not only are you broke but you are broke, homeless and in debt.

Now the bank owns your property.

>> No.16703026

>>16702934
This.
/biz/tards seethe.

>> No.16703873

>>16702934
>>16702925
bamp for sake of /biz/