It reads like this: “If a bank gives you a loan, it is charging you interest on money, that the bank never possessed in the first place.”

(a private bank can borrow 10$ from the FED or 10€ from the ECB of “real cash money” and lend out 90$ / 90€ in “artificial loan / debt created digital money” (“bank money” / Buchgeld, “checkbook money” / Giralgeld) and charge interest on that.

If you pay back 10% of your loan, the bank’s break even point is reached, but it (of course) insists that you pay back 100%+interest or sell off your house cheap and fast.

if interest rates are low – they simply charge more for the management of your bank account.

They earn money – no matter what they do.

Neulich auf Twitter: “Bank müsste man sein. Wenn sie dir einen Kredit gibt, kassiert sie jahrelang Zinsen auf Geld, das sie nie hatte. Wenn du pleite gehst, gehört dein Haus der Bank & wenn alles schief geht, wird sie vom Bürger/Staat gerettet. Einfach unglaublich!”

even a local bank’s employee (!) told me in my face: “i know a bank is a criminal organization.”

wow. i hope his honesty does not get him fired.

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