DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Let's talk about the fractitional reserve banking system

**levitratestimon** · 01-05-2012, 04:25 PM

The interest is not 'new, immortal' money. The interest can only be paid by robbing Peter to pay Paul. The interest paid back to the bankster comes out of the pool of money that has been loaned into existence. Therefore in this crazy game of musical chairs, if all the loans were paid back there would not be a dollar in existence and no money to pay the interest. There is no primordial money but gold and silver coinage.

This is exactly what I was trying to say. Thank you for putting it into words. The other thing I want to say is that interest is not necessarily paid back via labor. This is especially true in today's world...interest is often paid back by borrowing.

dys

01-05-2012, 04:25 PM	#32
levitratestimon Join Date Oct 2005 Posts 413 Senior Member	The interest is not 'new, immortal' money. The interest can only be paid by robbing Peter to pay Paul. The interest paid back to the bankster comes out of the pool of money that has been loaned into existence. Therefore in this crazy game of musical chairs, if all the loans were paid back there would not be a dollar in existence and no money to pay the interest. There is no primordial money but gold and silver coinage. This is exactly what I was trying to say. Thank you for putting it into words. The other thing I want to say is that interest is not necessarily paid back via labor. This is especially true in today's world...interest is often paid back by borrowing. dys
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