Re-added video for page about banks not technically making loans

I have re-added the video on the page about banks not making loans and not taking deposits. The video link was broken.

A full transcript of the video is on this page along with commentary. This is one of the popular pages on this site. Worth watching the video and reading the transcript many times to see what is really happening.

The banks actually promise to buy thy IOU (loan application). They borrow thy deposits.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

[crypto-donation-box]