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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (55016)	8/9/2011 6:21:02 PM
From: Wayners	Read Replies (1) \| Respond to of 103300

What's really interesting about the Ponzi scheme of money printing is they don't print the money needed to pay the interest that is owed. Here is how it works. The bank creates $100 out of thin air to loan to you at 10% interest. This is the first money every created and lent out. The bank prints $100 and gives it to you. Notice there is only $100 in circulation, but after a year, you owe the bank $110. Where does the $10 come from to pay the interest? The bank has to print additional money and loan it to others at interest and you have to get the $10 from somebody else. In other words somebody else has to take a loss in order for you to get the $10. It's a never ending do-loop of money printing and trying to print enough and loan out enough additional money so that people can pay the existing interest! There is a great video on this on youtube, even though it's a cartoon.