The Moral Hazard of Modern Banking: How Banks Create and Destroy Money

Everywhere banks are foreclosing on homes and even forcing austerity on entire nations as payment for the money they loaned, and the risks they assumed. But did they actually lend real money? Was the money they lent created through work or was it simply a slight of hand for which they now demand their pound of flesh? As the entire world financial system becomes undone people will begin to understand that money as a store of value and work and the money banks lend are two very different things for which the banks want you to think they are one and the same.

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