In Banks We Trust : How Private Banks Create New Capital Out Of Nothing Making Your Money Worth Less

Normally in this blog I focus on writing stories about quality of life and love, but there is something that has been deeply troubling to me since the financial crisis that has been literally keeping me up at night. When the financial crisis hit I spent a lot of time doing research to understand the root of what caused it. In the end, I discovered some deeply disturbing facts that NO ONE is talking about. There is a belief that people hold that the US government is the one creating the capital in this country, but most of the capital is created by private banks. If Bernie Sanders wanted to become president he would just focus on one simple fact;

That private banks are creating capital in the US monetary system out of thin air causing everyone else’s money to be worth less. For ever $1 that a bank takes in for deposits they can loan out $10 to someone else who then takes that newly created $10 and deposits it in their bank who can then loan out $100 to someone else that then gets deposited … ad infinitum.

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Continue reading “In Banks We Trust : How Private Banks Create New Capital Out Of Nothing Making Your Money Worth Less”

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