When you get a mortgage the bank has no money to lend you they just get a promise note from the central bank.
If you deposit £1 then the bank can lend out £10 this goes into other banks – so debt is built into the system.
Central banks lend money to government with interest
a dollar is worth a dollar plus debt put on it by the federal reserve.
thus America can never get out of debt – soon banks will own the lot.
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