Who gets the money when the prime rate goes up?

Answer 1

The folks lending the money.

Answer 2

Most people know that trades involving money can involve frauds. But few people understand that the money systems in use in most Western countries today are THEMSELVES frauds.

Money comes into existence when banks loan it to borrowers. It appears, in other words, as debt to which financial strings are attached, namely, interest. The people who own the banks have what amounts to a license to counterfeit and to profit thereby, inasmuch as they do no work (aside from bookkeeping, which doesn't count because it produces nothing), but they get an income from every person who uses money.

In other words, we are, our parents were, and our children will become the slaves of the bankers. And the slavery is REAL. If you try to break out of servitude, the police will arrest you and a judge will put you into prison. If you try to do what the bankers are doing, the same thing will occur. They get to print money; you do not. So, why does the government let THEM get away with it? What makes THEM so darn special?

There actually is no good reason. There are, however, several bad ones.

Look up the names of the men who run the Federal Reserve Board and the major banks. Do you notice anything "ethnic" about them? Loeb, Schiff, Greenspan (and, from history, Warburg and Rothschild)... Those names sound Jewish, don't they?

Goldsmith is a fairly common Jewish name, too. Centuries ago, in the Middle Ages, Jews contracted with merchants to hold their gold on deposit for a fee, giving the depositor a receipt whereby he could claim his gold later. Gold is heavy. Paper receipts are light. The receipts started passing between people in trade, just like money does, and people sort of got out of the habit of actually going to the goldsmith to have a look at the gold.

The goldsmith noticed this. And he took advantage. He started lending the gold entrusted to him to other people, charging interest, even though the gold wasn't his property to use that way. He got away with it only because most people never bothered to recover their deposited gold.

Further, it came to pass that the loans stopped being made up of the actual gold. Instead, the borrower took away "letters of credit" (more paper) and the gold just stayed right where it was, in the goldsmith's vault, except now it was making money for him from people who never found out that the goldsmith didn't really have the right to loan anything whatever.

Over the years, this usury racket made the goldsmiths (and their families) very rich. Rich enough to buy private armies, threaten kings, start wars, ignore laws, and push around millions of people. The modern institution of high finance is the evolutionary outcome of the debt-money scam. Every government is in thrall (is controlled by) the schemers who run the scam, even if it doesn't seem that way to the common citizen.

Answer 3

Not a tax question, but the money goes to the lender.

Answer 4

Hmm, let's see. The lender?!?!?

Who always gets the interest when issuing the loan.....

Answer 5

jesus