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Richard Werner Explains How He Proved Money is Created Out of Thin Air

Not the BBC 5 views

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@simonwong5920
 So does that mean I don't have to repay my bank loan???
Comment from : @simonwong5920


@kevinhoward5520
 In the US its clearly explained in 12 USC Section 412 Your signature and agreement creates the collateral the bank needs for the Fed to create the new currency ie Federal Reserve Note that is an obligation of the US Corporation Company
Comment from : @kevinhoward5520


@Belgium_citizen
 He is correct Banks are allowed by law via a licence to book a liability into a deposit Bank always wins But those that borrow also The cost is collectivized through inflation
Comment from : @Belgium_citizen


@kakhaval
 In short it is really simple Banks are authorised to create money "digitally" by just typing but I guess they must have some deposit margin as well not a brainer Why should we care about it as long as inflation is under control I wish individuals are not allowed to scam people like that
Comment from : @kakhaval


@luismiguelandrew
 I didn’t understand this And I studied business management 😂 can you explain it better?
Comment from : @luismiguelandrew


@Amuse-l9q
 They didn't tell us this when I was studying Economics!
Comment from : @Amuse-l9q


@richtea615
 Fiat currency is made-up bs
Comment from : @richtea615

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