Banks

The guy in this video managed to borrow up to 500K Euros (over 700K$) and gave it to charity with the intention of not paying back the bank.



Banks are the rulers of the capitalist system and are creating chaos  in the world with their policies.

If you don't already know, I'll make you the long story short. Banks print money and literally make money by printing money. See, in the old days, the bank could print a 10$ bill if it had 10$ worth of gold. Today, they can print that 10$ bill by and give it to you by issuing a contract that says that you owe the bank 10$ and you will pay him back. Because you owe the bank 10$ and the bank just printed 10$, there is no need for gold. Actually you have to go and dig 10$ worth of gold so you can pay your debt. The problem with this is that now the bank doesn't want 10$ but wants 11$ because of the interest. So it printed 10$ but it will get 11$ back, however that 1$ hasn't been printed yet.....until the next economical crisis :)

I'll be posting a few videos about degrowth as soon as I figure out how this blogger thing works.

Stay tuned...