Money, as we know them today are just monetized debt, IOU money. There is no value behind them. Just our faith and trust that the debt behind them one day will be paid back.
But faith and trust is something being earned, and if there is one thing the global banking system in most observers view has not done for the last 10 years, it will be earning our trust. The banking scandals have been queing up among the big players. While the real, trustworthy and smaller banks, that deserves our faith and trust have been bought up by the same big players.
It has been all about a system where the commercial banks has had licence to print money. Most customers have had the illusion that the illusion that when they borrow money in the bank they borrow money the bank has. They don’t. The borrowed money is simply put noting more that the “I Owe You, IOU” contract the borrower has signed.
The video above is about the system that allowe these IOU money.