Banks receive some people’s savings and pay them a very small interest. Then banks lend this money to clients and ask some more interest. But, the bank lends only 10% to 2% of the savers money, the rest, 90%-98% will be virtual money - means created out of nothing, means: THE BANK DOES NOT POSSESS IT.
THUS, WHY THE HELL DO WE PAY THEM INTERESTS FOR THIS 90%-98% ?
I guess we cannot explain it, we just repeat the same eternal stupidity, as we are forbidden to see the emperor without its clothes.
And more: IF the banks have NO DEPOSIT for this virtual money, why should we pay it back to them? Why not put it (the 90%-98%) into a common account (a big pot) to pay with this money all public needs, developments, researches, scools, medical needs, even free houses, transports … ?
What makes us unable to think in this way? Are we so much submitted that – in economics – we all live with a kind of Economic Stockholm Syndrome? What the hell is happening …
I guess, aristocrats, who invented in some dark middle ages this banking system, strongly filled up our brains with their rules. Rules then out of a feodal believe system. A system submitting us (the 99,99%) automatically (to them). Thus, today we are unable to leave the system … to let go the known … leave it for the unknown.
Like in the Stockholm Syndrome …
Look, guys, IF we could become able to force our govs to STOP all the running stupidities … my god …
… we just have to accept it ourselves, and force them …
(Heidi)