XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 on Nostr: Central banks and commercial banks literally create "money" by lending it into ...
Central banks and commercial banks literally create "money" by lending it into existence, then charge you interest on that fake money.
If you put up collateral (i.e. real estate, business, etc.) to be given that loan and you default on it, the banksters take away your real asset—something that takes time, energy and resources to create/build—because you didn't pay back the fake money they literally created out of thin air.
Hate to break it to you, but there is no real money, in the current fiat monetary system.
It's all debt—just layers of it stacked one on top of the other.
It's turtles all the way down.
Do with that what you will...
If you put up collateral (i.e. real estate, business, etc.) to be given that loan and you default on it, the banksters take away your real asset—something that takes time, energy and resources to create/build—because you didn't pay back the fake money they literally created out of thin air.
Hate to break it to you, but there is no real money, in the current fiat monetary system.
It's all debt—just layers of it stacked one on top of the other.
It's turtles all the way down.
Do with that what you will...