Money is created through interest bearing loans.
The global money supply doubles every decade. Most is created by banks issuing loans (=>debt) at interest. All countries bar 4 are in debt - not to each other, but to banks. It should not surprise us therefore that the world economy has vast amounts of debt at its centre.
Immediately related elementsHow this works
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The Global Financial Crisis Â»The Global Financial Crisis
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Money is created through interest bearing loans.
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