The Mike Holt Show
Mike and his invited guests discuss politics and issues that affect us today and into the future. Mike speaks up for all Aussies who want to live free of government interference, under a fair and just political system of laws governed by our Commonwealth of Australia Constitution Act 1901 and English Common Law.
The Mike Holt Show
Brian Shaw Discussion 6
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Mike Holt
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Season 1
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Episode 17
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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.