Geopolitical Economy Report cover image

Understanding money and the dollar system's contradictions with Radhika Desai & Michael Hudson

Geopolitical Economy Report

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The Difference Between Bank Credit and Government Credit

Most American currency is filled out in the United States, not in it. Most greenbacks or $100 bills are stuffed in the mattresses of drug dealers and arms dealers. The money that banks create is used to buy houses. That bids up their prices, which is why housing prices have gone up so much. Or it's to enable corporate raters to buy a company and load it down with debt.

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