The Hidden World of Money: Uncovering the Secrets of the Monetary System

🌍The monetary system has a significant impact on national and international levels, providing the foundations for dominance and control.

💰The majority of money in circulation is not physical cash but rather digital, created by commercial banks as debt.

🏦Banks have the power to create new money when they issue loans and decide how it is allocated in the economy.

💸The creation of money by banks is highly profitable, as it requires no production costs.

💡Understanding how the monetary system works is essential in comprehending the functioning of the entire economy.

Who controls the creation of money?

—Commercial banks have the power to create the majority of money in circulation.

How is money created by banks?

—Banks create money through the process of issuing loans and extending credit.

What impact does the monetary system have?

—The monetary system has a significant impact on national and international levels, shaping the economy and providing the foundations for dominance and control.

Why do banks create money as debt?

—Creating money as debt allows banks to generate profits without incurring production costs.

Why is understanding the monetary system important?

—Understanding the monetary system is crucial in comprehending the functioning and dynamics of the entire economy.

00:02Explores the creation, origins, and purpose of money.

03:26Highlights the hidden nature of the monetary system.

05:07Reveals the dominance and control provided by the monetary system.

08:09Explains the shift from physical cash to digital money.

12:11Examines how banks create money and the profits they make from it.