What gives some people the right to create money out of thin air while everyone else has to slave away? The media distracts us with stories of racial, sexual, and religious discrimination but the most damaging form of discrimination is economic because it affects nearly everyone. In this video, I expand upon this idea.
See Renegade Rants Episode 1 & 2 for more details on the actual mechanics of money creation:
Renegade Rants Episode 1
Renegade Rants Episode 2
My video is at DLive
Nice video! I have wondered about this stuff before and I have found some of the answers! Once upon a time Canada's central bank lent money to the provinces and municipalities at no interest...
IMHO the biggest problem in this area is not letting insolvent banks to bust. As you said in order to make money banks have to lend money. When you "have" to grow your earnings every year it is very easy to start lending money to insolvent customers and when you know, that there's always will be tax payers money to save you, you lend to less and less solvent clients as time passes... And you do that with ease...
What central banks do is beyond insane... The next recession is around the corner. There will be a lot of fireworks! I wonder how will cryptos performance will look like, when bonds and stocks will be in freefall simultaneously. Interesting times...
I think cryptos might actually fall with stocks and bonds for a time but eventually there will be some sort of catalyst that will cause people to pour into them. It could be something like capital controls or bail ins.
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In today's time everyone needs money.