An edition of FIND -- "TRUTH IN LENDING" & OWN THE BANK(er)
FIND -- "TRUTH IN LENDING" & OWN THE BANK(er)
by RobbbRyder
on October 6th, 2025 | History
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A close reading of the TRUTH AND LENDING disclosure on a "consumer credit contract" will validate that the FINANCE CHARGES are the dollar amount Cost for BANK MONEY (Credits) AMOUNT FINANCED.
In other words there is a "foreign exchange" rate between 2 different species of money (credits and dollars)..
As an example if FINANCE CHARGE is $7,000 dollars for "$25,000 credits" (Amount financed), than the purchase price to you in dollars is $7,000, not the $25,000 "Amount Financed" credits. Credits are Foreign to U.S. Dollars.
The $$$$ sign is used by over 28 countries and each has an exchange rate with the others, BANK MONEY (Credit/debit) uses the $$$$ sign like these other countries, and has its own variable exchange rate like any other currency foreign to the United States
Publish Date
2024-05-06
Publisher
RobbbRyder
Language
English
Previews available in: English