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Our Banking Practices Go All The Way Back To The Roman Empire What’s Uncle Sam’s is Uncle Sam’s,…

30 Jun , 2016  

Our Banking Practices Go All The Way Back To The Roman Empire

What's Uncle Sam's is Uncle Sam's, and if it's a bank, it's going to invest that dollar by giving it away as a loan, and it comes back with interest and it goes out as a loan, and it comes back with interest, and it goes out as a loan…on and on since #1401.

Actually the oldest continuously, since 1472, operating bank. is Banca Monte dei Paschi di Siena in Italy. The original goal of the bank was to offer charitable loans to the poor, and it came back with interest and goes out as another loan to the poor, and it comes back…you got it?

Credit Unions on the other hand are a rather new thing! Only since #1908. Read this Article from #ITPN  to know the differences and advantages of each.

Breaking It Down: Bank Vs. Credit Union – THE INCOME TAX PLANNING NETWORK

Technology, Speed and Convenience! Bank Has It. Banks have a long history: 1472 Credit Unions have a shorter history: 1908 Banks are for profit. They do not hold your money for you. They invest it. Credit unions are not for profit. They are not non-profit. They invest the profits into it’s account owners in the …

The post Our Banking Practices Go All The Way Back To The Roman Empire What’s Uncle Sam’s is Uncle Sam’s,… appeared first on INTERNET LEGAL PLANS.

The post Our Banking Practices Go All The Way Back To The Roman Empire What’s Uncle Sam’s is Uncle Sam’s,… appeared first on Higher Education Assistance.


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