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.
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The Global Financial Crisis »The Global Financial Crisis
Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
Money is created through interest bearing loans.
What's awry with the modern economy? »What's awry with the modern economy?
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