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Basically (Public Board)

by Cornpop Sutton ⌂, A bad bad dude who makes good shine., Tuesday, July 23, 2024, 13:39 (369 days ago) @ Hillarys Colon

At the lowest level... In our debt based monetary system, money is borrowed into existence.

Buy a car... apply for a loan ... loan approved and paid to car dealer - POOF: money just sprang into existence out of thin air.

And Jared Bernstein couldn't explain this.

Fractional reserve banking, the same.

At the macro level, the Fed, approximately the same thing. Poof, new money.

In intuitively obvious way you can see that this entire premise is easily corruptible.


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