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A contract with the individual who's taken the loan to the bank hopes that person will pay it back some day that means the original impulse to create money comes from private banks. that's new to most people. many think a loan works like this savings take money to the bank and the bank lends this money to a customer such as someone buying a house or running a business. so that's not the case if someone has savings and their money is parked in a savings account the advantage for the bank is that person can't just take it out when the bank issues alone it's created from nothing and these two pro...

It harmful when jobs become a lot in this game invite a shot it. splits of. i was meeting during unsettling times at w m f what are the prospects with the new owner the staff have had bad experiences in the past. was involved with the not like a dry when there's nothing left to get out was sold off all the extent that people are sitting here it's been that way for years everyone lines their pockets we can only hope the company survives and that commerce restored. at least the employees are told to day that the new buyers do not intend to cannibalize w m f further before sending it on but union...

Same time wages and working conditions of last. protests. when the company was taken over by french group b. martin pushpa hoped things would finally get better again he's on his way to a w m f works meeting on behalf of the i.g. metal labor union. he thinks it's symptomatic of today's age how easily a deal worth billions is made the investors at the big banks can get that hands on cheap money no problem the new owner paid one point six billion euro as. the idea of it so easy for investors to buy and sell businesses and. the chief huge profits you never achieve that through a company's day to ...

Just that what do people now about the origin of money that's what they want to find out and in the scheme of the way from the university of seguin we're doing a research project about money what does money mean to you that you can do anything with that money and where does the money come from. not from a that's for sure. how is money made. through work of course. i'm not sure in banks. noticed by the state and i couldn't tell you. the responses were sobering. thought it was really very delightful people had no response at all some said the bank all that it's just printed and some mention mani...

A privilege to create money and therefore profits out of nothing this privilege has been in the hands of the financial industry for a long time and didn't recent years it's been unchecked is that really such a good idea for us. the big banks in particular have massively increased the money deluge in this way as a way of imposing more controls on the financial system again private banks could be deprived of the privilege of printing money developed and sound ready underfoot in switzerland. and syria is a popular location with banks there's an initiative here that advocates reigning in the swiss...