World-renowned economist Richard Werner explains that banks don’t merely lend money, they actually create it out of thin air. Instead of transferring existing funds, commercial banks generate new money each time they issue a loan, effectively expanding the money supply. Remarkably, they not only conjure up credit for borrowers but also retain a portion of that newly created money as profit, embedding themselves at the very center of the financial system.
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Aaron & Melissa have been working on this almost all year it is an amazing in-depth look at “money”
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