Money is created by being loaned to nations by the central banks. All currency in circulation is owed back to the central banks. Then they also collect interest, which is ultimately repaid in kind because all the currency is needed to pay the principal. So money is actually like a trawling net for the banks to skim the assets of the debtors. This Ponzi scheme is also known as usury.
Money is created by being loaned to nations by the central banks. All currency in circulation is owed back to the central banks. Then they also collect interest, which is ultimately repaid in kind because all the currency is needed to pay the principal. So money is actually like a trawling net for the banks to skim the assets of the debtors. This Ponzi scheme is also known as usury.