he said amoralist
Well then he probably should have read the contract he signed with the bank, or at least put two and two together - why would they pay you to host your money there, anyways?
Of course, if he was so concerned, he always could have skipped the bank.
Well thank you for explaining why, at least.
you are missing the point.
Go ahead. I don’t know who would then use the notes if they were so laxly printed, but it sounds fine to me.
Unless you’re saying that you want to print notes from a bank owned by me, which is an absurd idea - I’m not into owning banks for money, drugs and firearms are another story though.
To lend at a higher rate of interest?
So the banks are allowed to engage in embezzlement and fraud as long as average people miss the fine print, or don’t understand it? Does this apply to every industry? If so, I have a deal for you! Just sign right here…
Unfortunately, we don’t have government armies enforcing our fraudulent notes.
So they’re giving you money to host your money at their bank out of charity because they’re making enough money on interest rates from other loans…? Ok.
As far as most people go, I doubt most people care - only the fringes on the internets really pay any attention to this stuff - and furthermore, it’s called legalese and yes, every industry uses it.
I don’t know what you mean by ‘laxly printed’ - Printing is a well defined physical process.
I’m saying anybody can print as many notes from any bank or ‘phony money provider’ as he or she wishes in order to satisfy his or her demand for money. Do you think that means bank notes will be used as wallpaper ? Well so what.
You’re confusing a different issue here. Anybody can already print as many notes from any other bank as he wishes in order to satisfy his or her demand for money. Do you think dollar bills are being used as wallpaper? Well so what!
As for the first comment… Ok… [^o)]
i defy anyone to have a good grasp of what you are saying…
Do you think you can manage to produce a half-meaningful retort ? Or ?
lol. beat me to it.
You don’t get it, do you? Your hypothetical situation in a world absent a central bank is no different from the real situation with a central bank. In both situations, people can counterfeit dollars. Why don’t they? Well, some do. But most people don’t have the desire or ingenuity to do it. If counterfeiting is the real concern here, then we’ve created a perfect banking structure.
cause your government will murder them (us) .
LOL. Are you that clueless or just playing dumb ?
Next.
why do they ever stop? why dont they own everything?
When in doubt, ad hominem your way out. [8-)]
First, yes, because the government would send people after you today. As would a bank absent that government.
I guess paper and ink, and a printing press, are hard to come by when you are in jail =]
Empirical observation tells me that they usually do these things in bursts and aren’t interested in owning everything - just a small portion that they can keep for themselves.
If you want to get down to it, though. They’re stopped by men with bigger guns.
what grounds would a bank have to do so?, or are we assuming renegade banks who are fighting wars with the rest of society, a society composed of liberetarians who dont want men with guns to come after innocents?