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what was the first bank to charge interest?
eh-hem... imagine the first bank ever... the first money ever to be printed... $100.00... imagine this is loaned out into circulation... at typical 6.5 APR =D... there is still only $100.00 in existance... but the bank is now owed $106.50...
because by modern example... all the money in existance has been printed by a bank... and it can only get from the bank to the public by... loaning it to businesses and... the public... but it is always loaned out with interest... soo... uhh... does that meeean?... there is more money owed to the banks... than is in existance??... do the banks... realise this?... isnt it an insane cycle?... =s... who started this interest... tangle?
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