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RE: How Good People Unwittingly Make "Deals With The Devil" - An occult Perception Of Money

in #money7 years ago

Very interesting. I agree with your perspective.
Many have come to realize that money is not actually backed by anything. In fact it is created out of thin air. The system is insane.

In order for a bank to give out a loan it is required to hold 10% of that loan in cash, within its vaults. So for every $100 the bank loans out it only needs to actually have $10. It receives money from the public in the form of a savings account, and then it can issues 9x that amount in loans. So when we wish to buy a house and we take out a mortgage to do so, we borrow money from the bank that it doesn't have and that doesn't even exist. We do not borrow anything. The bank simply writes on its ledger that we now owe them a bunch of money without them ever giving us anything. Its madness.

Your take on it is pretty cool. Nice post. Followed :)

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