Comments by "antonyjh1234" (@antonyjh1234) on "The most powerful way to think about money | Paula Pant" video.
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Money and debt can't go without one another, all money is created from debt. As soon as debt is created so is money. I've heard as soon as all debt is paid off then there would be zero money. Central banks, which pay profits to govts, have a minimal cost, roughly 14 cents to make a 100 dollar bill, which then has to be paid back with "real" money. I say real money because you've spent hours of your life for it to go back into the bank. The life cycle of money is leaving the central bank and ending in a commercial bank after you've been paid which then gets lent out again at 90% of your deposits, while it profits them and the govt the whole way through. These one's and zero's are what we revolve our lives around, that we spend our life account to accumulate, other people's debt, while the banks and govts earn twice as much, at least, of the loan value with minimal cost's. They also want us to pay for services, taxes, fees after this, but that's another story.
Wanting people to have more money, while I know you were being sarcastic, is then wanting more debt to be entered into the system, we spend our lives paying off these debts with zero direction just more slavery thinking we are free, banks and govts take so much of our lives, it's a shame we don't get taught the monetary system better, money is people's lives effort, we waste it massively.
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