Some crucial facts about the global financial system that banks are trying to hide from you:

Banks do not hold money, and they do not lend money either.

They create money out of thin air.

When someone deposits money with a bank, the bank does not store that money; it simply invents the corresponding amount and adds it to its accounting records.

When a bank lends money, it does not transfer money. It simply enters the corresponding amount into the debtor's account, thereby inventing money out of thin air.

A banking license is essentially the permission to invent money.

As long as banks lend money to entrepreneurs and self-employed people so that they can invest in their businesses, the creation of money is justified.

This is especially true for lending to small and medium-sized enterprises, as these are the backbone of the economy.

It's not the few large corporations that create most jobs, but the countless small and medium-sized enterprises. They are the ones that ensure healthy competition and innovation.

The number of smaller banks, which are naturally responsible for these productive loans, has declined significantly in recent years. This inevitably has dramatic negative consequences for ...

Read the full article for free on Substack: