This illustrates the usury causes inflation scenario quite well.
Supplant the rich tourist with a banker and the game plays the same.... except for the interest component.... thus prices are raised in order to cover this...... BUT ... if the only issuer of currency is the banker then the inflation will match the interest charged...... all analogies fall down... eventually... but .. the banker gets a free ride.
Add in fractional reserve banking whereby each individual pays back a debt of say 90% and deposits 10% and the bank lends $10 for each $1 it has on deposit you can see how the banks in reality make such stellar profits (which are returned to shareholders... cough .. cough)..... what a joke..
- Forums
- Humour
- debt
debt , page-16
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online