3 ms·
Debt literally is the problem. Specifically the creation of the money supply only by a select group of corporate banks. The practice of fractional reserve banki
by superkuh 7y ago
Debt literally is the problem. Specifically the creation of the money supply only by a select group of corporate banks. The practice of fractional reserve banking means they literally create money out of thin air as debt when they "give" out loans. This means that there will always be significantly more debt and money owed than money in circulation. And literally all of the value of the newly created money goes to the corporate banks.
The problems in our society stem from this universal basic income for corporate bank persons.