Fiat Currency & The Fractional Reserve Credit System

What we see happening here is we create a certain amount of currency, or purchasing power, and we then take that purchasing power, which is a debt, and give it to someone else for their product or service; so now we owe the bank the amount we just spent, plus interest, and on top of that, we just gave the grocery store pieces of paper that literally say, “I’ll pay for my bill later.”

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