More than 90% of the money that’s presently circulating in our economy is created in this manner. In other words, almost every single dollar that passes through our hands represents somebody’s debt. And this debt has to be paid back with interest – with more work, more extraction and more production. This is extraordinary, when you think about it. It means that banks effectively sell a product (money) that they produce out of nothing, for free, and then require people to go out into the real world and extract and produce real value to pay for it. It is so outlandish as to offend common sense.
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