Great listen folks!!
Just something I was thinking when listening: I think credit creation IS the source of the problem and I think in Asian countries credit was only created for productive (in the beginning at least) which means the economies actually expanded but in the west, it went into non productive means like housing, cars, general lifestyle etc.
The think 99% of the money supply and the real source of inflation is actually from local banks giving out loans not the central bank. Every single mortgage that someone takes, every student loan, car loan, credit loan is money created out of thin air. These unproductive loans is literally why everything is so expensive.
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Fountain
Riba Resistance • 3. How the Fiat System Steals Your Future • Listen on Fountain
In this episode, we break down how fiat money actually works—and why inflation functions as a tool of wealth extraction rather than an economic a...
