Friday, 11 April 2014

Fundamental Problem with Banking System

Sometimes economics is very simple -
See, Govt do not create new money, Banks create money and bank distribute money using new loan in term of house loan, credit cards or education loans. So all money created in form loans. So somebody from us will not be able to pay his/her loan because we all need to pay them with Interest and total money in the whole system is equal to total loans, for paying Interest, we need to put more loans in our system, this is an end less cycle where we will never to pay our loans.
Apart from this problem, We have second more dangerous problem too,
Because banks create loans, they give heavy loans with very low interest rates to Rich-Super Rich society, on the name create jobs and industry. But the reality is , this elite rich society will become more rich and wealthy by this process.
This system has create gap in our society. We need an International revolution to remove this system.

--
┌─────────────────────────┐
│  नरेन्द्र सिसोदिया
│  स्वदेशी प्रचारक, नई दिल्ली
│  http://narendrasisodiya.com
└─────────────────────────┘

3 comments:

  1. This is the great blog with full of information. Get Mortgage and Home Loan Calculator services from mortgageconsultancy.com.sg. Visit on singapore home loan calculator

    ReplyDelete
  2. This comment has been removed by the author.

    ReplyDelete
  3. He is a regular contributor for a number of|numerous|a selection of} publications including the USBets Network, RotoGrinders, and ScoresAndOdds. In 카지노사이트 response to Atlantic City’s faltering economy, New Jersey was the primary state to open the door for legal online gaming. The state overwhelmingly passed bill A2578 in February 2013, and wagers had been being placed from around the Garden State earlier than the top of the yr. The casino additionally be|can be} totally optimized for Android and iOS mobile units, although it doesn’t have a devoted app. It is 100 percent mobile-friendly despite the fact fact} that|although} it doesn’t have a devoted app.

    ReplyDelete