That banks make you loose all you money becuase some people get loans and when banks dont have anymore money thats when the start messing with people for there money and when the dont have not more money they ask the federal to give them more money and the bank is in a dept with the fedarel people.
The thing i know is that although banks and the money being used around is basically owned by a small amount of people which by means means they own us. People think that money is what gives things a value while it's just cotton being passed around. My Question is what would happen is they die, do they're cousins inherit the position or what? It's fact that banks use "your" money to help others meanwhile they don't have their own unless it's brought from the federal reserve which is far worse. If everybody were to go get their money the bank would shut down for weeks till everything is cooled off. The President would even step in to help the bank in this situation. I want to learn more about this type of things in general.
I agree the money is not worth anything just that we use it to get things that we need and want.
What stands out to me in this video is how the main character in the video began with getting loans and buying a house and car etc. then ends up losing everything he bought because he wasn't able to pay of the loans. Also, another thing that stands out to me is that all the money is controlled by a group of people called the federal Reserve.
The part of how he got so much with the loans and how he lost it all for not being able to pay it all also stood out to me, i like how you mentioned that the federal reserved controls the money rather than saying they own it.
One thing that stand out to me in thus video was when he said that the IRS is stealing money from us . For example when he said the more money you make the more they take and you in up with lesser money you made.
on thing that stood out to me the most was how the little dude was buying all those fancy things but then he got everything taken away because of the loans he couldn't pay for. if you cant pay for the loans , don't accept the loans. one question ihave is , Why do they give out loans when they know we cant pay them back ? that's why we asked for a loan in the first place . we don't have money.
I understood that the government is taking money away from the by taxes.Is taxing necessary or are they just doing to get money?Who takes the tax money?Who is it for the bank or federal reserve?Money is nothing valuable just that we see as it is because we need it in order to get things we want.Is it bad to have a bank account?Should we even bother to get a bank account?
one thing that stands out on this video is that the small little guy ask for loans and he bought everything he wanted. but then he started loosing everything becuase of the loans he couldnt pay for.so i think that people shouldnt ask for loans if they know they cant pay back..
The bank has it's tricks to earn more and more money. One of them is giving loans to people who will "love to get free money". When the banks gives someone a loan, that person has to pay back with interest. This meams thwy will end up paying more than how much they borrowed. The banks job is to offer people loans like if the money was actually free. Those people start makinf expenses and eventually cannot pay back loans. Also credit cards, people swype it thinking they have a lot of time to pay, but end up swyping the credit card everywhere until they end up in debt. These things are offered to people who don't have much money and will be thrilled to have what the bank calls "free" money. It's all a trick from the bank to make money out of people's loans and debts.
I understood that the bank tricks people with money. People think there money is being taken care of but they just get robbed.They give loans but they get money from the people who have there money in the bank.They take money away when you get taxed.
By taking out a loan from the bank you are automatically inclined to pay them back in interest. When you dont pay the bank back they will keep taxing you every month you are late on the payments. The moral of the story is dont take loans from the bank, it could only put you in debt.
I really enjoyed this video. First, I think that loans are very risky if you are borrowing money that you can not pay back. The idea of free money sounds great but it only leads to people over spending. It has people believing they can afford whatever they want because all they have to do is swipe a card. But it only leads people to fall deep into debt. Next, I believe it is wrong what the banks are doing. It makes sense that are giving money to people who cant pay it back but it is hurting all of us because we have to pay it in taxes. These banks should have stricter regulations so that we can avoid it. Lastly, it is a shame that people need so much money. The owners of the bank are trying to become the richest and more powerful people in the world taking advantage of people who do not know how money works. It suck that to buy a house you have to borrow money but as long as I dont borrow too much I should be good.