Hey... Banks. Right?
All they ever have to do to make MILLIONS is what Goldsmiths did, during the Middle Ages, to become upper middle class and create the banking guild. I give you my Gold to hold...I don't need it back right away so the Goldsmith lends it out to someone else at a good rate. Now he gets manna from both sides of the spread: My money to hold the gold in his safe, and the loan of my money to someone else for a percent on top...
Arbitrage is the oldest money maker in the book after Prostitution! The banks borrow at little and lend out at a lot, foolproof...what could be the problem? Yet the GREEDY fvkers go under!! its just not that hard I agree.
There are even strip clubs that operate without a liquor license!
All they ever have to do to make MILLIONS is what Goldsmiths did, during the Middle Ages, to become upper middle class and create the banking guild. I give you my Gold to hold...I don't need it back right away so the Goldsmith lends it out to someone else at a good rate. Now he gets manna from both sides of the spread: My money to hold the gold in his safe, and the loan of my money to someone else for a percent on top...
Arbitrage is the oldest money maker in the book after Prostitution! The banks borrow at little and lend out at a lot, foolproof...what could be the problem? Yet the GREEDY fvkers go under!! its just not that hard I agree.
There are even strip clubs that operate without a liquor license!
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