debt

Central Bank Digital Currency & Babylonian Debt Slavery #348

Posted on 15 June 202319 June 2023 by Chris Thrall

Central Bank Digital Currency & Babylonian Debt Slavery, features Mario Innecco who is an expert in finance and the banking system.

Central Bank Digital Currency & Babylonian Debt Slavery

Central Bank Digital Currency & Debt Slavery, features Mario Innecco who is an expert in financial markets and macroeconomics. Here he chats with Chris about the illusion of money and how countries got into so much debt.

Transcript from ‘Central Bank Digital Currency & Babylonian Debt Slavery’

Mario – First of all we need to understand central banks. They’re only there because the the government gives them the monopoly. In the case of the bank of England, it was the Royal Charter in 1694. What we had here, was a marriage between these money lenders that you talk about and the government. Why do they do that, well because the money lenders benefit from the fact that they’re lending to a nation. When you lend to nations, you make a lot more profit. The monarch or the president or whatever the government has the power of taxation. So it’s almost like the bankers will never lose out because the head of state can always tax and they can always find crisis.