In your scenario, a bank is not creating money 'out of thin air'. The lender is extending and expanding credit for a tangible asset (the widget) according to the current market value of the widget. The monetary value is still in the widget and if the person that was extended credit does not pay for it, the bank can repossess the widget, sell it for cash and recoup their initial outlay of credit. All assets have an intrinsic monetary value and that is what banks loan against.
sparky1
JoinedPosts by sparky1
-
72
Did you know Banks create money out of thin air?
by TerryWalstrom inbanks create money “out of thin air.”empirical studies have been undertaken to prove this thesis and this is the conclusion:.
in the 5,000 year history of banking, banks have been thought of as “deposit taking institutions which lend money”.. 1. what is the legal reality?
banks don’t take deposits and don’t lend money.the public is under this false impression on purpose because the language of banks is not legal language.. so--what is a “deposit”?a deposit is not actually a deposit.
-
-
sparky1
-
19
Serious Problems Between Elders
by ZindagiNaMilegiDobaara inever encountered or eyewitnessed problems escalating, arguements and rows between elders right at the kh anyone?.
one such experience was just before the meeting was about to start,we heard raised voices from the second room between two elders.
a minute later two other elders went into the room and we could all hear that they were trying to cool the situation down with whatever was going on in there.
-
-
sparky1
Your comments are spot on, Giordano. Everything that you said was (supposedly) why Nathan Knorr was dead set against the Elder arrangement.
-
72
Did you know Banks create money out of thin air?
by TerryWalstrom inbanks create money “out of thin air.”empirical studies have been undertaken to prove this thesis and this is the conclusion:.
in the 5,000 year history of banking, banks have been thought of as “deposit taking institutions which lend money”.. 1. what is the legal reality?
banks don’t take deposits and don’t lend money.the public is under this false impression on purpose because the language of banks is not legal language.. so--what is a “deposit”?a deposit is not actually a deposit.
-
-
sparky1
JeffT:
-
-
-
sparky1
Will someone with the IQ of a bunch of bananas combined be allowed to answer your question?
-
21
Have you seen these drawings against medical procedures?
by ILoveTTATT2 inthese come from the golden age of june 8, 1932:.
.
.
-
-
sparky1
RubaDub
-
34
If Angels in the Bible are of neuter gender ? Then why are they always depicted as males by description and name ? And never a female ?
by smiddy3 inin all of the art i`ve seen in christendom, angels always have the form of a male, and in the bible those that are named always have a male name such as michael ,gabriel , etc, .
nowhere in the art world that i have seen do angels have the female form, and in the bible they don`t have female names.. so if the angels are neither male or female why then are they depicted as males with male names ?and not female also ?.
the watchtower illustrators also follow this line .when they illustrate an angel it is always in the form of a male and never a female form.. the anointed who make up the 144000 comprise of male and females right ?
-
-
sparky1
At least Satan is an 'equal opportunity' god. He has both male and female demons(angels) in his employ. The female demons even had a 'cool' name: SUCCUBUS.
-
21
giving to jehovah part this week
by road to nowhere ini love it!!
the brother started by saying we know our donations don't go to the local brothers -- you don't see us wearing gold rings, fancy jewelry (watches?
) wonder if he notices who does?.
-
-
sparky1
Hi, ZindagiNaMilegiDobaara. Welcome to the forum. I hope to read more postings from you here.
-
21
giving to jehovah part this week
by road to nowhere ini love it!!
the brother started by saying we know our donations don't go to the local brothers -- you don't see us wearing gold rings, fancy jewelry (watches?
) wonder if he notices who does?.
-
-
sparky1
"Yet, it seems the coffers of the WBTS can never be satisfied." - truth_b_known
"The leeches have two daughters that cry, "Give! Give!" " -Proverbs 30:15 RNWT
Apparently, if we apply the old Freddy Franz 'types and antitypes', the Watchtower Society was prefigured in the Old Testament .
-
32
Should I be with someone who's had lots of pervious partners?
by Jxvi inthanks for reading (i'm sorry this is a little bit of a sensitive topic, though i'll try to be gentle.).
a little back story.
i have been working so hard to build my faith this year, and i am finally at the point where i am beginning to trust god and i want to build an unbreakable relationship with him.
-
-
sparky1
From a practical standpoint: If she has had multiple partners and has been promiscuous, I wouldn't have any sexual contact with her until I knew that she was free of any sexually transmitted diseases. Better safe than sorry.
-
24
Hello...
by Incognigo Montoya inwell, i've been lurking for a bit.
first out of cautious curiosity, then, though feeling a bit more comfortable to post, got caught in the confirmation email anomaly, and left unable to post or participate.
so i remained lurking, reading and researching.
-
-
sparky1
Welcome....lot's to learn here. I hope you stay awhile and contribute to the discussions!