Also remember that when you take out a loan, the bank doesn't give you any of their money, or even someone else's money. No. They create the money that you borrow from nothing. You must then pay them back the full amount that they conjured from nothing plus interest. The value of the money you get is stolen from all who hold no net debt.
Also remember that when you take out a loan, the bank doesn't give you any of their money, or even someone else's money. No. They create the money that you borrow from nothing. You must then pay them back the full amount that they conjured from nothing plus interest. The value of the money you get is stolen from all who hold no net debt.
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