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ctown81

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Posts posted by ctown81

  1. 2 hours ago, DaveTV1 said:

    No, and that's why they charge a higher interest than what the Federal reserve sets for loans.  That used to be their moneymaker.  Free Checking has become a thing of the past.  Even with debit cards the banks receive .074% for debit card usage for credit cards it can be as high as 3.5% per transaction.  The way they made their money was on loans, and why it's so hard to get a loan for some people, because of the risk involved.  

    they make most of their money on the private side securitizing promissory notes. Very little risk for banks these days. They are immediately paid. 

  2. 13 hours ago, DaveTV1 said:

    Private banks don't control minimum interest rates, that is also done by the Federal Reserve. 

    The Federal Reserve is a private bank.

    13 hours ago, DaveTV1 said:

    That's how banks make money in addition to service fees that were once unheard of unless you had a minimum balance of what is now $1000 in your account at all times.  Many banks used to have free banking, but that has changed.  They would sell you checks, but you could get cheaper checks ordering them from a check service company.   

    Let me ask you a question. When you really think about it, do you think charging fees and minimum balances are enough to sustain banks? I'll say this, your signature is worth a lot of money but I'm not sure any of you are ready for that rabbit trail. 

  3. 17 hours ago, gamewatcher63 said:

    https://finance.yahoo.com/news/fed-may-no-choice-tip-040838453.html
     

    if Powell doesn’t do what is necessary then you know he is in the tank for Biden’s re-election….which we already know he is anyway 

     

     

    no choice huh? The fed has no loyalty to any party. Funny how a private bank controls interest rates, but I'm sure they would have avoided this if it were possible years ago 😂😂😂😂😂

    P.S. Just want to throw a little more gas on the fire. The U.S. is a corporation also. 

  4. 1 hour ago, Monte1076 said:

    See, I think racism exists. But actual, real racism. I'm VERY skeptical (especially nowadays) about what many in the media and in the Democratic party deem "systemic racism" or "institutional racism". I don't believe, like a lot of people seem to, that everything is racist. I mean, we've had people say math, classical music, keeping an organized pantry, a schedule, and many, many more things is racist.

    From what I understand, there are people who believe that if you're white and date outside your own race that you're racist, AND if you don't date outside your own race you're also racist. Explain that one.

    I also believe ANY race can be racist.

    I tend to be more critical of individual racist experiences. I'm quick to say something isn't racist and sometimes I receive backlash from it but I couldn't care less. As for your question, I can't explain that one. Especially about dating outside your race makes you racist. I do believe you can date outside your race and still be a racist

  5. 6 minutes ago, Monte1076 said:

    But let me present you with the converse: How many times are black people not believed or called "Uncle Tom" or a traitor to their race for saying they support Trump or that they're Republican?

     

    It's true in some cases and not in others. Some act as if certain issues don't exist. Some of these people really fake the funk for popularity and money. 

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