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Replying to Avatar C.S.Burner 🪙➡️🔥

Not, a loan. A liability. They owe you the money in your account. But in the same moment they create an asset at their central bank account. A.s.o.

When you take a loan, it's your liabilityto the bank. Then they create an asset. No central bank involved and no goverment bonds.

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Phillip Leslie 2y ago

https://www.fairmoney.info/wp-content/uploads/2017/08/Fair-Money.pdf

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