This month we wrote about why interest free banking does not work. This is clearly a very “hot” topic because nobody likes paying that extra “money” on his or her loans. However, for the privilege of having to use other people’s money, borrowers must understand the logic and mathematics behind interest payment. This article just scratches the surface of the banking system which we wrote in details in our three books series especially in Book 2 where we explained the truth about fractional reserve banking and other aspects of money. Do pick up the books from Amazon.com if you are interested in managing your money and your future. Stop listening to sensational writers who usually use people’s anger to promote their doom and gloom prophecy.
Thank you for reading.
Come and visit again next month.