I am with Axiom on this one. The "banks" are a truly inscrutable edifice for the corporations of the world. I regularly get chuckled at when I proclaim my sadness that Dr Evatt was unable to pass legislation in Australia in the 1950s, to nationalise the banks.
Take note: The banks can and do create money all the time. It works like this. The "banks" ought to agree that an asset is actually worth $X and will lend money to an agent who then uses $X to buy the asset. That would be a net zero change in worth. However, over the centuries, the "banks" have been agreeing that assets are worth small % >$X. This effectively creates money. The practise of buying and selling of assets, over a long time has lead to a compounding of debit liability to the point that the interest on the debit keeps the working/middle classes under control (mostly).
Idiot right wingers go ballistic every time a government "prints money," shrieking warnings of hyper-inflation. However, they never stop top think how the "banks" are THE cause of that "natural 1-2% inflation." It is that inflation that is slowly slowly turning the western societies back to feudal serfdom.
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The individual is hopeless without the group.
The group is hopeless without its individuals.
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