The Mike Holt Show

Brian Shaw Discussion 6

July 21, 2019 Mike Holt Season 1 Episode 17
The Mike Holt Show
Brian Shaw Discussion 6
Show Notes

Brian and the Battler discuss how the banks work, and how they monetize your loan application using a technique called "fractional banking". Brian points out that the banks don't actually lend you money. They create the "loan" out of thin air, using your loan contract as the basis for the debt.

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