Mike
River Edge,#2Consumer Comment
Thu, August 09, 2007
Please put on a tinfoil hat, take the blue pill and go watch for those black helicopters. Yes, banks issue "notes" which are basically a promisary note. This happened when they got rid of the gold backed money notes a long time ago. And yes, I agree that the Federal Reserve system (which is actually not federal but a group of private banks, but that's another story) has some major issues and needs to be looked at. Banks selling your signature? Huh? Banks foreclosing? Yeah, due to people not paying their mortgage. Banks charging many fees? Yeah to people who overdraft their account. Banks charging many odd fees? Yeah, and they state them in the agreement you sign. Try looking at some of the stuff other things get away with, and it's all the same. Phone bill has taxes from the Spanish American war we are stil paying. Natural gas companies charge you for "delivery", car dealers charge you for "delivery", but won't allow you to go to the factory, etc. This is the way the world is. Oh, and btw, you want to know how banks make most of their money? Overnight they take all of the money that lies in their clients accoutns and invest it overseas in overnight markets and make gazillions. Now I'm sure you'll have somethign to say about that as well.