The Road to Debt Bondage: How Banks Create Unpayable Debt
Derryl Hermanutz
This book describes how the commercial banks' debt-based repayable bank loan and bond purchase money supply creation system works; and why it fails; and how government issuance of debt-free (non-repayable) money can prevent banking system failure that is historically resolved by writing off our 'money in the bank' - which the debt-for-equity swaps (depositor bail-ins) legislation plans to do.
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english
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EPUB, 135 KB
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