Geithner, Kneale and The Impending Credit Collapse
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9:42
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If the bank lent 40 dollars plus interest to an individual, they wouldn't make 11 bucks, they made 51 bucks as they credit the persons account. Banks create money in this way. The demand for the money alone enables them to create the money out of thin air. Of course you and I pay for it through inflation.
glendalebrigade 2 years ago