I listened to guy swan today too!
"The jury decided against the bank. The landowner's defense had been that the bank had not lent him any actual money, but had simply created credit on its books, and therefore, since nothing of value had been advanced by the bank, it was not entitled to the property that had been given as security for the loan"
https://mncourts.libguides.com/credit-river-case/credit-river-case
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