Free Money isn't Free

Usury-free dollars at real cost.

A lot of people claim the banks print money "out of thin air," but in fact most money is created when loans are negotiated. When you buy a house on terms, that creates the principal value of your loan in new "dollars." Your house is collateral for a loan you must repay with interest.

It is important to note that the interest to repay the loan is not created. This causes a vacuum that must be immediately filled by the creation of more money or the whole shebang comes tumbling down.

More money must be lent to pay for what has already been lent. Ad infinitum at interest.

All that money creating is hard work at first, but after that it's as easy as cashing the monthly mortgage checks. How much do utility companies charge to maintain your account? Very little.

If someone doesn't pay up, the bank can take his house! We've seen a lot of this since 2008,

I believe the dollar would be an international treasure if created usury-free at real cost. The immense savings to borrowers would create a real economy for the first time since 1913.