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90% of people probably have been deceived by life experiences just like I once was!
I used to naively think that banks earn interest slowly by holding onto mortgage loans? Later I realized that capital turns each mortgage into a capital game, and I naively thought that if I had a mortgage of 3 million, I would pay back 5.04 million, and the bank would earn interest over 30 years, just like a landlord collecting rent, slowly earning money.
It wasn't until later that I understood that mortgages are a magic circle of money-making!
Step 1: The debt rights are instantly liquidated; the bank doesn't
View OriginalI used to naively think that banks earn interest slowly by holding onto mortgage loans? Later I realized that capital turns each mortgage into a capital game, and I naively thought that if I had a mortgage of 3 million, I would pay back 5.04 million, and the bank would earn interest over 30 years, just like a landlord collecting rent, slowly earning money.
It wasn't until later that I understood that mortgages are a magic circle of money-making!
Step 1: The debt rights are instantly liquidated; the bank doesn't







