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EP 158 Remzi Bajrami on Flow Currency

The Jim Rutt Show

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The Banks Create New Money

When a bank makes a loan, they are not loaning te positors money. What a bank does is their creating new money, actually. And approximately 90 % of the money in circulation united states and 95% if the u k is actually created out of thin air by the banks. But when loans are repaid, whenever you repay capital on a loan, you are destroying money, actually, the money disappears. So we're playing this huge game of capturing wealth through the stuff.

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