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The true money makers

I used to believe that banks loaned out money to people, money that you and I gave them for safe keeping, and paid us “interest” for the privilege of loaning out our money to their customers. I also believed that money in the banks were a representation of the amount of gold, silver and other precious metals - which we deemed as wealth - the government had on hand (like at the Bank of Canada or the U.S. Federal Reserve) and/or in our economy. Turns out I was wrong… so very, very wrong.

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