DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Where has all the money in the world gone?

**Nemerov** · 06-11-2012, 10:10 PM

Go into any bank. Ask the manager "At the end of the day do your books balance?" and I will guarantee he will tell you they do. Between the start of the day and the end he might have issued $1,000,000 in loans (without a single dollar in cash crossing the counter). The paper he exchanged for the loans balance the loans given. The value is in the signature of the people promising to repay the loans.

Interest payments unbalance the books.

Of course his books balance, that's how the system works.

Interest payments are made every day and at the end of the day the books balance.

You have contradictory statements.

06-11-2012, 10:10 PM	#30
Nemerov Join Date Oct 2005 Posts 456 Senior Member	Go into any bank. Ask the manager "At the end of the day do your books balance?" and I will guarantee he will tell you they do. Between the start of the day and the end he might have issued $1,000,000 in loans (without a single dollar in cash crossing the counter). The paper he exchanged for the loans balance the loans given. The value is in the signature of the people promising to repay the loans. Interest payments unbalance the books. Of course his books balance, that's how the system works. Interest payments are made every day and at the end of the day the books balance. You have contradictory statements.
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