11-26-2010, 09:13 PM
Cracker, the funds transferred when a home is sold"principle" is borrowed or saved in a lump for a down payment ,and the profit to the lender"interest" does not exist in money, it's all just a paper transfer, when that money is paid the money to pay the interest comes from other real money not from the paper transfer, interest does not exist in tangible money, ever.
the interest which is being added to what we as a nation owe china does not exist, if the fed prints enough money to cover the interest the dollar will be worth zero.
if the lenders give up money on the loans which they hold on the houses in todays market, they are not only forfeiting profit"interest" they are also forfeiting principle "real tangible money" when that happens the dollar also devalues "inflation" if the dollar devalues enough the interest owed to foreign nations and domestic accounts doubles ,keep in mind interest "profit" does not exist in real tangible money" anything paid must come from real circulating money, which can only come from one source and not force higher interest rates"which money does not exist" and that's from the pockets of working americans which has an impact all it's own.
the interest which is being added to what we as a nation owe china does not exist, if the fed prints enough money to cover the interest the dollar will be worth zero.
if the lenders give up money on the loans which they hold on the houses in todays market, they are not only forfeiting profit"interest" they are also forfeiting principle "real tangible money" when that happens the dollar also devalues "inflation" if the dollar devalues enough the interest owed to foreign nations and domestic accounts doubles ,keep in mind interest "profit" does not exist in real tangible money" anything paid must come from real circulating money, which can only come from one source and not force higher interest rates"which money does not exist" and that's from the pockets of working americans which has an impact all it's own.
Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.
John Adams
John Adams