Well have you seen the state of roads in Michigan? They are pretty much are craters
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by Thermodolia » Tue Jun 19, 2018 4:57 am
by The Derpy Democratic Republic Of Herp » Tue Jun 19, 2018 5:25 am
Great Minarchistan wrote:The Derpy Democratic Republic Of Herp wrote:Lend? The fuck are you talking about?
I give the teller money, the teller puts it in my bank account, it's still my money.
Sweet summer child... As a rule of thumb, banks typically use 80-90% of all demand deposits (such as your savings account) as loans to businesses, people, whatever. Only a meager 10-20% or so retains ready for any possible withdrawal. Did you really think that the banks give you interest at the cost of nothing? Truthfully you are the one being fooled by the bank as you are literally saving money on one of the worst performing investments possible. Get yourself a 401k.The Derpy Democratic Republic Of Herp wrote:Well, it's what we got.
And what we've got is a really strong economy huh? Wait, uhhh...The Derpy Democratic Republic Of Herp wrote:Here is the weird part, they still make money from that account.
>What is investment and how do businesses use your savings to invest on themselves and then give you part of the return for participating on their schemeThe Derpy Democratic Republic Of Herp wrote:Whether or not I spend it or not, they still get a service charge of so much. They get that money even if I didn't spend a dime on anything.
...What do you mean?The Derpy Democratic Republic Of Herp wrote:Also you might find that they invest that in other places too.
Given the size of this fine, the scheme is surely a drop in the water when faced with the trillions exchanged in the financial system.
by Great Minarchistan » Tue Jun 19, 2018 6:03 pm
The Derpy Democratic Republic Of Herp wrote:Ok and? Really? A technicality?
The Derpy Democratic Republic Of Herp wrote:Not necessarily, the government can higher private sector workers for stuff.
See: Government contracting private sector people to repave roads.
The Derpy Democratic Republic Of Herp wrote:And even if that was true, you can pay less for health care here if you are: politically active, going to school, religiously donating, going to a Jays game via Go bus/train and, donating to charity.
The Derpy Democratic Republic Of Herp wrote:Private sector doesn't care about any of that, you end up paying more per year beacuse you deal with a cold uncaring corporation.
by Great Minarchistan » Tue Jun 19, 2018 6:07 pm
The Derpy Democratic Republic Of Herp wrote:It's not at the cost of nothing, beacuse of the monthly service charge. What do I mean? The bank takes money every month from the account as a fee for storing the money.
The Derpy Democratic Republic Of Herp wrote:I'll give you that it explains how they get the money for loans in the first place.
The Derpy Democratic Republic Of Herp wrote:Weirdly enough, serviced based economies can be strong.
The Derpy Democratic Republic Of Herp wrote:A drop in the water?
lol no, citi bank got away with this beacuse of the too big to fail bs.
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