1/5 And the banks don’t have any money to lend you to take out that mortgage or to buy a car; the money is created when the borrower signs the loan documents, which the banks then do 10:1 (now 100:1) fractional reserve to just create more money out of thin air.
https://twitter.com/cryptokrider/status/1336620349702729729
2/5 If no new loans are created, the system crashes onto itself, because it is what’s called a debt-based monetary system; in other words, debt equals money and without no new debt there is no new money. They will put up a good fight but in the end @Mashinsky will beat them
3/5 because all banks have one Achilles heel: Their fractional reserve scam. If you stop depositing your money with them, or take your money out of the bank, and give it to someone like @CelsiusNetwork who acts in your best interest, their business crumble like a deck of cards.
4/5 You may say to yourself, oh, I only have $1,000 in the bank, me taking my $1,000 out the bank & giving it to @CelsiusNetwork makes no difference, but that’s not true. When you withdraw your $1,000, the bank has to claw back $10,000 (now $100K 100:1) bc of fractional reserve
5/5 scam. Remember, they lent out money they don’t have which they created out of thin air by this fractional reserve scam of theirs. I defunded my criminal bank JPMorgan $10,000 today. They just lost $100,000 worth of ability to do loans, which is now a $1 million loan ability.
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