Never ending story...
First, they blamed the banks for giving easy loans to people, now they are blaming them for not giving easy loans.
They blame banks for giving low interest but when they give higher interest they accuse them of risking money in investments.
This fight against "inequality" is just stupid.
We tried it once in the eastern block and indeed we all ended equal, dirty poor equal !!!!
Much like the bitcointalk rules, right?
No collateral no loan!!!
First, they blamed the banks for giving easy loans to people, now they are blaming them for not giving easy loans.
They blame banks for giving low interest but when they give higher interest they accuse them of risking money in investments.
This fight against "inequality" is just stupid.
We tried it once in the eastern block and indeed we all ended equal, dirty poor equal !!!!
Dan Lock says that bank will only give you loan when you don't need that loan(you have enough money).If you really need a loan for building a business or something important,a bank will never give you a loan.
Much like the bitcointalk rules, right?
No collateral no loan!!!
Perhaps if the scriptural money and the fractional reserve did not exist there would be fewer problems, at least they would be different. Banks lend money that doesn't exist with a 9:1 ratio. It represents 90% of the money supply, yes 90% of the money is scriptural and exists only virtually