If you deposit $10,000 into a bank 🏦
Here’s what happens…
The bank set asides a 10% and loans out the rest of your money.
How it works, say another person comes in and asks for a car loan...
No! When that person comes in for the $9000 loan, they DONT use anyone’s deposits. They create an asset (loan) and liability. The asset is the $9k loan and the liability is $9k of newly created money. This is how money is created -through LOANS!
Money=Debt
A scam completely.
Money=Debt
A scam completely.
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