Did you know that Banks DON’T LEND MONEY?
Banks don’t lend money, They’re in the business of purchasing securities. That’s it! See this video below that explains how it works. https://www.youtube.com/watch?v=zqkOoKPCi_4 Banks are thought of as deposit-taking institutions that lend money. the first empirical studies to prove that [banks create money out of thin air]. Banks are thought of as deposit-taking institutions that […]
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