Banks create the money for free. They literally lend it into existence. You apply for a loan to buy a house & the bank just adds the value of the house to the asset column on their balance sheet.
If I'm the bank, & my "paying for your stuff" costs me nothing & actually devalues everyone else's savings, & then you have to pay me back for a cost I have imposed on others, that's you serving me, not the other way around.
Debt in an honest financial system is more self destructive than it is slavery. But the dishonest debt of a fiat system is slavery if you do & slavery if you don't. Savers are taxed heaviest by inflation, debt is subsidized & rewarded.
Jeff Swann
npub1aj…ftppj
2023-10-09 14:00:40
in reply to nevent1q…l256
Author Public Key
npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppjPublished at
2023-10-09 14:00:40Event JSON
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"content": "Banks create the money for free. They literally lend it into existence. You apply for a loan to buy a house \u0026 the bank just adds the value of the house to the asset column on their balance sheet.\n\nIf I'm the bank, \u0026 my \"paying for your stuff\" costs me nothing \u0026 actually devalues everyone else's savings, \u0026 then you have to pay me back for a cost I have imposed on others, that's you serving me, not the other way around.\n\nDebt in an honest financial system is more self destructive than it is slavery. But the dishonest debt of a fiat system is slavery if you do \u0026 slavery if you don't. Savers are taxed heaviest by inflation, debt is subsidized \u0026 rewarded.",
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