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    Author Topic: Russian Invasion of Ukraine[In Progress]  (Read 90501 times)
    tvbcof
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    November 25, 2022, 06:01:24 PM
     #3421

    ...
    When anybody, company or artificial entity or the government, borrows money from the US banking system, it is really a creation of new money. The bank considers the promissory note to be money, and treats it that way. So, what borrowing money really is, is a trade of one form of money for another form of money... not a loan at all, although they can legally call it a loan.

    What this means is that paying off the loan over the next 10 to 30 years is really giving a gift to the banking system.

    ...

    This simple and enjoyable cartoon, which I watched well before Bitcoin was born, ultimately made me a LOT of money.  I tell my friends all the time that if one just takes the time to learn what 'money' actually is these days, it is kind of difficult NOT to be wealthy.

       Money As Debt - Paul Grignon
       https://www.bitchute.com/video/ZHMCDYB3xzjT/

    Equally important, upon learning what money is, decent people will often avoid lending at interest.  While the lender may (or may not) end up doing a little worse financially, the debtor will have a huge advantage.  Often enough the two parties share a common future.  I was watching a speech of some Jewish Rabbi the other day and he claimed that the economic miracle which occurred in pre-WW2 Germany was attributable almost exclusively to the government's policies deprecating usury.

    I'm not saying the dude is right, and I don't even know if he's a real Rabbi or some neo-nazi playing one or whatever, but it's worth contemplating:
    https://www.bitchute.com/video/dOhCYij6T7Ai/


    sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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