Private banks create all money, NOT government. Banks create money AFTER the borrower signs the promissory note (with no need for prior deposits or reserves).
Banks only create the principal amount, but never the addition interest that is due. This forces borrowers to take on more and more debt to avoid defaulting on the loans.
It is mathematically impossible for all borrowers to repay their debt to banks. (A few individuals may escape debt, but collectively we may not.)
If anyone has evidence to prove me wrong, please present it.
Banks only create the principal amount, but never the addition interest that is due. This forces borrowers to take on more and more debt to avoid defaulting on the loans.
It is mathematically impossible for all borrowers to repay their debt to banks. (A few individuals may escape debt, but collectively we may not.)
If anyone has evidence to prove me wrong, please present it.