Thread: Ahead of the curve=>Next step: Confiscation.
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Old 10-12-2005, 06:14 AM
PLOlover PLOlover is offline
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Join Date: Jun 2005
Posts: 365
Default Re: Ahead of the curve=>Next step: Confiscation.
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A bank takes deposits from people, and uses that money to provide loans to other people. They charge more interest on loans than they on deposits, and pocket the difference (among other things).


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Actually they loan out 10-100 times as much as they have on hand, if you can believe it.

Nice racket.
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