Your Qna     New Questions     About Qna
EQNA is a growing interactive people-knowledge network with more than 120,000 questions and 450,000 answers from over 55,000 members worldwide. With all friendly functions, EQNA will be a fun place to join, share and discover knowledge, an open net space allowing you to connect with other people having specialized knowledge or ones with same interests to yours. EQNA login features secured logins using Twitter and Facebook enable you to place questions without sharing your personal information to us. Lets get out and join our community today!
Ask a Question
BLUE CAFE

If a person defaults on a home loan, why do they have to give the bank their home

If you borrow money from a bank which borrowed it from the federal Reserve which made it out of nothing with no Gold backing or backing of anything at all, why does the Federal Reserve demand Real Collateral for a fiat currency?
ABA:

very good question.. I think I know the answer. but not here.

CalCarp:

Every dollar bill (instead of now being backed by gold) is considered a "share" of the national wealth, ..like owning "stock" in the shared value of America. Should any of us take more than our share? If you have your house, ..and I buy EVERY OTHER HOUSE IN AMERICA, ..and then we both declare bankruptcy, should I keep 34,999 million homes, while you get to keep your one? ..and all the rest of the people have to make a swim for Cuba? ..maybe that is too complicated for you, ..but you may benefit from thinking about it when you have finished your "hatred" kata. Long live nihilism, ..eh? (...but why??? LOL)

Wish:

If you are referring to the 'home' as 'Real Collateral', any demand to surrender one's home does not come from the Federal Reserve. They loan money to the banks, who then loan the money to you, as you already pointed out. It would be your bank, not the Feds, that would pursue foreclosure. Or have I completely misunderstood your question.
I understand your point that money with no backing, is just worthless funny money. It's just a game we all play. But if the money has no worth, then what is purchased with it would also have to be of having no worth. Right?

Jodi:

Banks have the power backed by the government or perhaps backed by the ones who control the governments, in this imaginary world of financial values.

Answer:
Text ColorBackground Color
BoldItalicUnderline
LeftCenterRightJustify
Ordered ListBulleted List
IndentOutdent
Horizontal Rule
SubscriptSuperscript
HyperlinkImage
Design ModeDesign
Html ModeHtml
 

Top Question And Answer

  • If a person doesn't want to be on QnA any longer, why do they ask to be banned? What's the
  • Teach a person to use the Internet and they won't bother you for weeks?
  • We are going to be building 40 low income homes in Bountiful Utah. I'm looking for an HVAC person
  • Do you think it right that one person could have a question removed? I think it must be a report by
  • Is a person covered under workman's comp after 12 hrs?
  • DOES A PERSON REALLY KNOW THEIR OWN SELF?
  • Why would an employer (public company) pay $50K for non-college degreed person to just file?
  • A person whom I'd done business with for years just contacted me after she left for a new company.
  • Is it true you can tell if a person is intelligent, just by asking if they are Religious?
  • I even tried to ask for a peace between a person.I'm the 1 who gets the bashing,5-6hrs. ago I tried
  • Can I deliver food or grocery to more than one person to earn money? Do I need any business license?
  • One of my employees knows i'm going to hire a sales person. He would be a great salesman. He has
  • The double click feature on my computer does not work. I've tried resetting the defaults, no luck.
  • I set my program access defaults to microsoft but it doesn't stay there. It switches to custom Why?
  • I want to buy a bag,what is the baghttp:www.goyardreplicasale.com/Grade-Quality-Goyard-Saigon-Tote-Bag-PM-8941-Black/196/index.html
  • How is it:www.topreplicagears.com
  • Www.mokahandbags .com
  • Facebook new account opening form
  • Hom bhr0165301533Www.facebook.new account
  • Hom bhr0165301533
  • Hom bhr0165301533Www.facebook.new account
  • Hom bhr0165301533
  • how do I get mms message fro. mmsweb.iwireless.com
  • Find out how many cars of my model are registered
  • What would happen if a letter opens in the mail
  • Facebook new account open
  • Facebook New Account Creation
  • Facebook new account creation
  • locating a business that closed