20 Percent Interest on Government Money!!!
What happens when banks fail to fund economic growth?
They charge greater than 20% interest on consumer debt! For those of you who did not take Finance 101 in college, a person that can make 20% a year interest on their principal becomes a millionaire rather quickly.
So what is there to prevent the banks, who loan government money, to keep from funding economic growth and instead loan money to the consumer at greater than 20%? Nothing!
What is this? It is a combination of debt based communism and preferred citizen capitalism! And those preferred citizens are dumber than fence posts! Preferred Citizen capitalism is not democracy! It is criminal capitalism! One is a preferred citizen? Old money! Old money is usually satanic and evil. And old money defeats the use of fresh money for fresh ideas.
If I were president and a foreign country dunned us for our debt I would say, I’ll just give you Newt Gingrich and Donald Trump. They likely wouldn’t find that to be a fair deal and neither should an American believe that they are good for this country!
Thomas Paul Murphy
Copyright 2011 Thomas Paul Murphy
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