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How to Escape The Money Matrix

The Money Podcast

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The Central Banks Don't Have to Have Money to Create Money

Money is created as debt, i.e. it's not real and isn't backed by gold. The banks are allowed to lend out 90% of their deposits. If a bank goes under then either you lose your money or there's a bailout from the government. So when the banks go bust or they trade insolvently like properly, because they're all trading insolvently. That would be illegal. You could even have a criminal record for doing that. And we want to get everyone in debt so that, you know, we can earn loads of money at least if they were honest. But of course they're not going to be.

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