Finished reading MLK's speech "I've been to the mountaintop" and he mentions a black-owned bank...

[Captain Crunch]

OP created thread and is likely watching back laughing at people bickering

 

[☑︎#VoteDemocrat]

It won't make any difference if they are like the other banks in America. The classic bank is an inherently evil institution and does not work for the good of the people generally. It does not matter if you are for a 'black' bank, bc they are all the same. But black people do need to be better about their money though.

Why are banks "inherently evil?"

I don't hope you mean we do things the islamic way...

Banks gotta make money and they do it by making money.

HOWEVER, credit lending and loans are very important aspects of community development...even further, when you make the laws, the laws benefit YOU.

 

[☑︎#VoteDemocrat]

That's why I learn to not feed into that stupid Malcolm vs Martin shyt. All the leaders were right in their own ways.

You mean I have to actually do some thinking instead of adopting all of what great minds have to say?

 

[☑︎#VoteDemocrat]

Is Fractional Reserve Banking harmful Yes or No

No

Do banks depend robbing people of their wealth to exist Yes or No

Define "rob"

Part of being in a society means you pay taxes. I don't insider that robbery

Has the U.S. Federal Reserve Banking System caused the U.S. Dollar to become almost completely worthless Yes or No

I guess we're entering the libertarian zone

Is it just for a person to make profit off of something that they did not have to work for Yes or No

Banking isn't the only institution that does this

To make It easy for you and to keep you from dodging questions

Leave your local ring highway system and come holler at me

 

[☑︎#VoteDemocrat]

To Poitier

Fractional Reserve Banking is harmful in two major ways off the top of my head. First, it allows the eroding of monetary value through inflation. Second, it allows banks to make a profit off of something that they do not own. If you work 8 hours, you are paid for 8 hours. Do I have a just claim on your money? No. Now you will say that a bank deserves that money bc they are performing a service. That service is the 'protection' of the customer's money in an account. But that in and of itself would not be bad. The great sin of banks is that they make money off of money that DOES NOT EVEN EXIST to begin with. That is the whole purpose of Fractional Reserve lending. What is Wal Mart's purpose, to give all this merchandise away out of the goodness of its heart? No, it is to run a business and make a profit. A bank is also a business, it just makes its money in a different manner. So no, it doesn't 'Depend' on anything if you are asking if F.R. is harmful. It is, period.


The U.S. Dollar has lost over 90 percent of its value bc of the Federal Reserve. The Fed has caused this by inflating the monetary supply up to unsustainable levels. There is a thread in this forum complaining about Wendys having ever higher and higher prices. That is inflation. And that has come about precisely bc of the Federal Reserve. You need to look into how this entity and your precious banks 'create' money to understand this, I will not type it out for you here.

And you agree that it is not just for a person to make a profit on something they did not work for, then you also agree with our banking system which engages in this behavior on the greatest scale on earth. You seem confused.

the central bank reduces banking crashes from every few years to once a century type events.

Try again.

The gold standard led to way more boom/bust cycles

 

[☑︎#VoteDemocrat]

REAL and FAIR growth does equal prosperity

What are you even saying right now?

 

[☑︎#VoteDemocrat]

I appreciate that. I wish you and all the money you have tucked away safely under your couch godspeed sir.

Ayn Rand my patna dem