Can credit card providers create money out of thin air like banks do? - credit card providers
it depends on how you can verify that companies have the right to have money to create in Germany. Thanks
Need to borrow money, they creat for consumer credit card loan money.
Tuesday, January 5, 2010
Credit Card Providers Can Credit Card Providers Create Money Out Of Thin Air Like Banks Do?
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1 comments:
The credit card companies do not create money. They lend their money, money, money from other banks, money from other nations. The banks themselves or borrow from other banks to lend to you. They require a ridiculous rate, so that if they pay back other creditors, after they pay, as obscene profits.
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