Do you believe that banks will tell you the truth that they print money to buy assets around the world?
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If you follow this path, you will never understand bitcoin, just like if you follow the FRB path, you will never understand money creation
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If you follow this path, you will never understand bitcoin, just like if you follow the FRB path, you will never understand money creation
johnyj I think you mean well but you are not quite following the post. The wikipedia article you link and are pushing is the banker propaganda.
The article I posted for you to read is an admission of how the system actually works. It is a glimpse behind the curtain that shows how the system actually works and how financial interest use it to basically steal from productive members of society.
@ CoinCube
If you have a particular argument for parasitic behaviour, I will be interested to
read it.
If you have a particular argument for parasitic behaviour, I will be interested to
read it.
Between predator and parasite I would argue parasite is the better analogy because the banks (most of the time) don't actually want the loans they issue to default. They make more money if they pick the winners in the economy and their loans are paid in full then they do if they have to foreclose and seize assets. Parasites like banks prefer strong healthy hosts capable of supporting them and their offspring. If possible they prefer their host not die/go bankrupt.
However, there may be a better biological model then that of parasitism one that more closely describes the behavior of finance. I comment on this at the end of Part III.