Well I wasn't penning an undergraduate essay on the topic - just trying to convey to a wider audience that banks essentially conjure money out of thin air backed by nothing other than another debt.
I didn't even touch on the fact that the lent money can never be fully repaid as the debt plus interest is greater than the money in existence...
Money as Debt
YouTube - Money As Debt (1 of 5)
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A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men Woodrow Wilson 1913, US President who signed the Federal Reserve into existence.