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    mk (mk@mastodon.satoshishop.de)'s status on Sunday, 19-May-2024 08:43:24 JSTmkmk
    in reply to
    • Daddy-Only fan
    • Invictus Filius Regis Aeterni

    @mrman @Invictus

    let me tell you a secret:

    "if you give your money to a bank[..]this money is simply a loan to the bank[..]deposit is simply a banks record of its debt to the public"

    https://mastodon.satoshishop.de/@mk/110979837928836433

    In conversationabout 6 months ago from gnusocial.jppermalink

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      mk (@mk@mastodon.satoshishop.de)
      from mk
      march 2017 richard werner 00:16:23 "if you give your money to a bank[..]this money is simply a loan to the bank[..]banks borrow from the public[..]deposit is simply a banks record of its debt to the public[..]banks create the moneysupply[..]79% of 'bank deposits'[..]created out of nothing[..]banks create the money supply by inventing these claims on themselves. these fictitious deposits." https://peertube.satoshishop.de/w/tRwM17m4uD6TmSyr8Jg23T?start=16m22s
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