Im just learning about the banking system so my knowledge isn't very good but wouldn't that mean that banks own literally all the money? Most people in the working population spend their lives repaying debt and mortgages and even when they spend their earnings, its probably to business who have debt or a large firm that effectively collects a lot of money too. Are there maybe other monetary injections apart from debt, exports. So isn't all money owed to banks or will collect in the the profits of large global corporations
Read more: How is the monetary system sustainable if most money is debt and that has to be paid back with interest?
