Tuesday, May 22, 2007

Make Millions By Loaning Money That's Not Even Yours That You Don't Even Have-Its All Legal Too

Make Millions By Loaning Money That’s Not Even Yours That You Don’t Even Have—its all legal too
You may think this is how loaning money works: You have $10,000. You loan it at 15 % and at the end of the year you get $1,500 in interest and your $10,000 back. Not bad. If you had put that money is a money market account you would receive at most 6 % interest or $600.
But this is NOT the way the game works, not if you know how it is really played, not if you play by the rules that have already been established for others. Not if you become ONE OF THEM.
THIS IS HOW THE GAME IS REALLY PLAYED:
Let’s take that original $10,000. Let’s assume that it’s not even your money. Let’s assume it’s someone else’s $10,000. Of course, if it’s not yours, you’re going to have to pay something, say 6 %, $600, for the use of that money.
But, with that $10,000 using completely legal rules and existing laws you can now loan up to $300,000
Yes, you heard me. Under existing laws, if you have $10,000 (and the money doesn’t have to be yours), you can loan up to $300,000 as long as you keep the original $10,000 on hand. (3 % to 10 % of your outstanding loans must be kept)
WOW!
Now, the question you need to ask, the question you want to ask, the question you should be asking is:
HOW MUCH MONEY CAN I MAKE LOANING MONEY THAT I DON”T HAVE AND IS NOT EVEN MINE?
The answer: THE SKY’S THE LIMIT
Yes, you heard me correctly. THE SKY’S THE LIMIT.
Based on your original $10,000: If you loaned $300,000 at 20 %, you would receive $60,000 in interest (note: the average credit card rate in the US is 18.9%). Remember that money only cost you $600
YOUR NET PROFIT IS $60,000 - $ 600 = $59,400 a 10,000% increase on net invested capital using some else’s money. And please don’t feel sorry for that person. They’re actually happy to get 6 % for their money BECAUSE THE US GOVERNMENT WILL GUARANTEE THEIR $10,000. Yes, you heard me. You pay the US government 7¢ per $100 and the US government guarantees anyone up to $100,000 (this program is called the FDIC)
Let’s say instead you got $100,000. With $100,000, you could then loan $3,000,000 and receive $600,000 interest (at 20 %).
Expenses: $6,000.00 interest for other peoples’ money
$70.00 to FDIC to insure the $100,000 Total expenses : $6,070.00
Your net profit: $593,930.00 (using someone else’s $100,000)
AND THERE’S LOTS MORE because there’s NO LIMIT to the interest or the amount of fees you can charge.
WHY?
Because the US deregulated the loan (banking) industry and bankers can now charge as much as they want, as often as they want to anyone anywhere and ITS ALL LEGAL.
In 1978, the US Supreme Court deregulated interest rates on bank loans, i.e. no more usury laws, and allowed banks in states that allowed high interest rates (i.e. South Dakota) to issue cards at high rates in other states—even if other states outlawed higher rates.
There You Have It. Make Millions By Loaning Money That’s Not Even Yours That You Don’t Even HaveAll You Have To Do Is Be A BankBe A Banker Or A BankruptIt’s Your Choice

No comments: