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I always thought that the banks gave out loans, according to the overall money that has been allotted to them by their depositing customers and investors. That is not the case. Banks give out loans and create money that never existed. Money creation is based on a continuation of borrowing money, and the laws allow the false creation of money into existence.
For how long can this continue. Is the recent $700 billion bail out proposal (i am not from the USA, and not clear if it has actually been passed at this time) enough indication for us to wake up out of the current illusion of wealth and money.
Money as debt
The video is called "Money as debt"
The word unreal comes to mind. Nearly a big joke. A game perhaps. Perhaps an opportunity for something new.
Additional note; I am not sure if it is just me, but i am unable to continue watching the whole 47 minutes. The video pauses at 26 minutes and 44 seconds. Same thing happened yesterday too.
For how long can this continue. Is the recent $700 billion bail out proposal (i am not from the USA, and not clear if it has actually been passed at this time) enough indication for us to wake up out of the current illusion of wealth and money.
Money as debt
The video is called "Money as debt"
The word unreal comes to mind. Nearly a big joke. A game perhaps. Perhaps an opportunity for something new.
Additional note; I am not sure if it is just me, but i am unable to continue watching the whole 47 minutes. The video pauses at 26 minutes and 44 seconds. Same thing happened yesterday too.