FRACTIONAL RESERVE BANKING,
INTEREST & LOANS

Fractional Reserve banking: Until March 2020, banks were required to hold a reserve of 10%, and could loan out 90%.

Since March 2020, there is no reserve required, allowing banks to issue unlimited loans.

A loan is debt-based money, and you are required to pay interest on the loan.

Fun Fact 1: The money to pay the interest on the loan is NOT created by the banks

Fun Fact 2: It is NEVER created.

Fun Fact 3: There is NOT ENOUGH money in the world to pay back all the loans + the interest due on those loans.

Fun Fact 4: There never will be!