Hold up...
>I lend a neighbor $1,000
>I don't charge interest because that'd be weird
>As long as I get my money back I don't care when/how he pays it back
>A few months later he pays back the $1,000
>During this time I did not have that money to spend and now I have it again
>Meanwhile if I take a loan from a bank with interest they give me the money but they also still have that money to use while I'm paying it back
>mfw banks have more than 100% profit
>mfw banks inflate the currency whenever that is threatened
How does this system work for any amount of time without collapsing?
Hold up
Thomas Nelson
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Alexander Hughes
I hope millions of people copy sam hyde and just dont pay small loans from bank.
Connor Long
>t. brainwashed Mises.org retard
Cameron Turner
The way you perceive it is the truth. But the gimmick is that they can only loan out 10% of savings accounts. Which is why they push so hard to open a savings account, and offer higher protections on savings accounts compared to checking accounts, while also punishing you for withdrawing from savings more than a few times a year.
The gimmick they sell was probably true back in the day, but now that everything is just a number on a computer it's pretty much what you're describing
Owen Gonzalez
If you aren't debt maxing right now you're retarded
John Murphy
Why do you lend money out without interest? are you retarded?
Luke Edwards
It doesn't.
Carter Baker
I believe interest on personal loans is usury.
Austin Martin
How do I do this properly, I've seen his videos but I can't use the "agh dude, these pills bro" excuse
Brandon Jones
>A few months later he pays back the $1,000
what if he didn't OP.
Caleb Myers
you are poorer because of inflation retard
Justin Wilson
Personal loans without interest are listed as gifts by the irs and need reported over 16,000 dollars. If they pay you back, that is also a gift. Instead charge. 0.1% annual interest, and get them to sign a scrap of paper for it. Then the IRS keeps their mitts off.
Daniel Long
long read but explains everything
Luke Baker
So you do it for free instead?
Do you also wagecuck for free? Why not?
Oliver King
it works because people aren't taking to the streets in huge numbers over it
Tyler Adams
Bcause people almost never take out their money from the banks. So they can use that to cover all kinds of wilds manipulation stuff.
Nathan Bailey
heres a relevant screenshot of the giant infograph
Evan White
Woofers
Andrew Myers
You forgot the part where, unlike in your example of a personal loan, the bank doesn't lend you money of theirs. They 'lend' you money that they invent on the spot out of thin air. They lend multiple times more money than they actually have. They invent fictional digits, and charge you for it. Nearly all 'money' today is debt because of this system.
Chase Allen
Congratulations user, you've discovered jewish magic
Blake Edwards
>Personal loans without interest are listed as gifts by the irs and need reported over 16,000 dollars. If they pay you back, that is also a gift.
100% false.
Gabriel Gonzalez
Abolish banks. Ffs we are going to be using digital wallets soon anyway and as long as we don't concede that infrastructure to central banking they will at least have to come up with a better scheme.
Tyler Hughes
jewish magick?
youtube.com
this show was unbelievably redpilled for 1999
Adrian Gonzalez
A strande idea entered my mind...
> decentralised crowd-lending platform where lending money interest-free improves your own credit score or gives you other benefits
Blake Lewis
Parker Williams
>Lending money, taking a risk of default, not being able to invest this money during the loan period and during a period of hyperinflation
And you do it for free (0%). Why?
Evan Myers
What would happen if that happened?