Godlike Productions - Discussion Forum
Users Online Now: 2,175 (Who's On?)Visitors Today: 651,803
Pageviews Today: 1,556,942Threads Today: 946Posts Today: 19,247
09:58 PM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPORT ABUSIVE REPLY
Message Subject Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Poster Handle Anonymous Coward
Post Content
Where do credit card companies derive their power to create credit?


From your promise to pay.


Bullshit.

If you promise to pay me a million bucks the we are both rich?

Or said the other way around;

If I promise to give you a million then we are both rich?
 Quoting: Anonymous Coward 1145117


No, but you owe me a million dollars. I can even sell that debt to a collector or take you to court and garnish your wages.

Do you really believe a Bank has 500,000 cash to loan you for a house?

nope, they take your promissory note and DEPOSIT it into their account, then, within 90 days, they sell it, and you pay them back with interest. That is banking, and since there is no 'money' all paper money, if it meets legal tender status, is money.
 
Please verify you're human:




Reason for reporting:







GLP