XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 on Nostr: When you take out a mortgage, the bank creates money out of thin air, on the spot, ...
When you take out a mortgage, the bank creates money out of thin air, on the spot, for you, and credits it to your account.
Essentially, you and everyone else who uses credit to buy homes are contributing to the ever-increasing price of housing.
Why? Because it takes virtually zero effort to create billions of units of currency, but it takes a lot of time, energy, and resources to build houses.
Essentially, you and everyone else who uses credit to buy homes are contributing to the ever-increasing price of housing.
Why? Because it takes virtually zero effort to create billions of units of currency, but it takes a lot of time, energy, and resources to build houses.