What you know about inflation might be wrong
Capitalmind Podcast
00:00
Banks Create Monetary Inflation
Banks lend because they're afraid that they on' get their money back. And t assets of the whole banking system go up according to the amount of lending. Sierra system wasnt a deficit ue. The system is n a surplus, because banks have ve too much money inside the brick wall of the arbea. So instead of having four % of what i have lent, i actually have ten per cent sitting in the stone wall building of the arba.
Transcript
Play full episode
