Originally posted by threaded
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Doesn't anyone owe us money??
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You'd be fine, but if you charge interest on what you lend out (and pay interest on what you borrow as deposits) then you're creating money out of thin air.Originally posted by The_Equalizer View PostSo if I can start a bog standard retal bank and not do anything daft, it's the road to easy life?
If you're the central bank, and there is only £100 in circulation, and you lend it out at 10% interest expecting £110 back, where does the extra £10 come from?
This is what has led (ultimately) to the current situation.
Probably the only good thing about Sharia.Comment
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But... we were told all that extra spending was on policemen, doctors and nurses.Originally posted by fullyautomatix View Post
Diversity Managers, NHS Managers, Quangoes.Comment
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