Re: ~! What if you won 50 million dollars?
An economics lesson is in order for those who think interest paid on a savings account has been created from thin air. Banks don't give away money for the heck of it. That interest has been earned. There are more ways to earn money than to punch a clock and perform manual labor. The global econcomies and banking systems will always work with this interest based system no matter how many adhrerents to 7th century economics populate the world.
Peace Seminole
Please enlighten me! Have you ever paid for something on installements? Were you charged interest? Or do you have an overdraft facility? Are you charged interest on the amount in red? Money is being created from thin air, it is my way of saying that the system obliges people to pay more for something that is depreciating in value just because they want to pay for it in bits. If you think that I am wrong that money is not being created, then please also account for the taxes paid on money exchange and customs and a whole variety of other banking business systems. The banks probably make just as much money from investments as they do from their systematic activities.