"The process by which banks create money is so simple that the mind is
repelled." - John Kenneth Galbraith
This second chapter may be shocking and disturbing to you. You may feel your
stomach in knots by the time you have finished reading it. You will come to
understand that money is no longer really money at all but something that has been turned into worthless, debt-ridden currency.
Pull out your wallet and take a look at a bill. Whether it's a dollar or ten or a twenty, it has no longer intrinsic value. It is nothing other than debt, which you owe to someone else, like it or not.
The banknote you hold in your hand is not even worth the few pennies the ink