TheRealMafoo on 23 July 2010
| Final-Fan said:
I believe my other post makes a relevant argument about the 10X thing. I don't know whether we're right or wrong, but I think that my post has at least identified the source of befuddlement. |
But you can't loan the same money out twice, at the same time.
When I bought my house and got a loan from the bank, it wasn't just a line in a ledger somewhere. The bank that I got my loan from had to right a real check to a real family that took real money and was gone. The only way that money will ever be see again my by lender, is if I pay it back to them.
Until I do that, they can't lend it again, because they don't have it.
That loan is 5% interest... where is the 10X?
