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Thread: UK General Election 2015
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12th May 2015, 00:54 #11
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Is it?
If I deposit $5000 in the bank, they then lend out that money to people who then pay their debt to the bank with interest. That interest doesn't magically fall out of the sky, it's paid back with money gained from real work.
Ultimately, ALL money is derived from real work or the production of goods and services. That's pretty well much what the definition of money is, a medium of exchange which allows people to store and trade goods and services.
If you think that it is a a straw man argument, then please explain where you think that the money generated to pay for interest comes from.The Old Republic was a stupidly run organisation which deserved to be taken over. All Hail Palpatine!
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