00:00When a bank approves your loan, they only create the principal you actually owe.
00:04It is a digital entry made out of thin air to fund your purchase.
00:08Every single dollar currently in circulation exists because someone, somewhere, signed a private debt agreement.
00:15They type your principal into a computer, instantly inflating the global supply of digital currency.
00:22Crucially, the bank never creates the extra money required to pay back the interest charged.
00:27This design leaves the entire economy fighting for a pool of currency that simply doesn't exist.
00:33You must now compete against your own neighbors to find those non-existent interest dollars.
00:39If every borrower paid their debts today, there wouldn't be enough cash to cover interest.
00:44This is a mathematical certainty that the bankers refuse to ever publicly acknowledge.
00:49The system mathematically requires someone to default so that you can fulfill your own obligation.
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