Daniel Schmachtenberger: “Bend not Break #2: Maximum Power and Hyper Agents”
The Great Simplification with Nate Hagens
How Money Does Not Come Into Existence
Money does not come into existence the way that's taught in economic text books. 95 % of our money comes into existence from commercial banks making a loan. And when they make the loan, they create the money. The io ua aset on the bank account went up by a million dollars. I agree with everything you just said. Si wan rea have and let you sotof, oh, well, that’s why then, naturally, a so one thing that we didn't get to in the first conversation that you a indirectly referenced here is how money comes into existance.
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