IN THE INTEREST OF SHARING INFORMATION the answer is Commercial Bank money. when banks issue loans to the public they create new commercial bank money. when a customer repays a loan the commercial bank money is destroyed & the banks keep the interest as profit.
in plain English: they're not loaning YOUR money which is EXACTLY why you think you are giving it to them. plus there are no laws regulating how much they can do that now.
NOTE: isn't it BIZARRE that most people would not give their money to a friend to hold yet they've been trained that it is completely normal to do the same with complete strangers who are deliberately deceiving them ??
most people think of banks in terms of that piggy bank scenario they held as children. you put money in and it holds it but to think the same of a commercial bank is truly childish.
this also means that as a general rule ===> money is debt & debt is money. "the only way the government can create additional purchasing power is by getting itself and us into more debt".
and hey that might be fine if there were widespread benefits for the entire population as a whole but what is it when it is completely fucking most people straight up the ass without vaseline ???
so anyone who does business with commercial banks for ANY reason (including a simple savings account) is part of the problem and i'm certainly not suggesting for a second that that is not completely FUCKED up.
but don't do that and then ask "why am i making less ?? why does everything cost more & more ??"
sure part of the answer is commercial banks creating money out of nothing BUT the rest of the answer is most likely staring back at you in your mirror.
plus now that you've read this: if you knowingly jump into a locked cage don't ask why you are trapped. and anyone who now spews one of those weightless well then how do i buy a car without dealing with a bank ? questions is like an idiot asking how to change the channel without the remote.
educate yourself & live more creatively & you will easily figure it out.
the system is the system. if we eliminated it today the world's economy would collapse. we're in too deep. we can not change that but we CAN change the process by which our money is allocated or spent & of course monitor how much we borrow.
how dependent are you on all of this (??) is a crucial question to ask because the more dependent you are the worse you are making it, not only for yourself, but for everyone else as well.
without a truly democratic process we have no democracy and as of this very moment we have no democracy especially when a mere handful of banks hold about 85% of all deposits now. does that sound like democracy to you ??? call it something else. the charade just makes it worse because it implies "business as usual" is just fine.
