15min of Richard Werner on Money and Credit
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understanding that your paycheck bank deposit is not actually a deposit. It is a loan to the bank that they are legally allowed to default on.
understanding that when you take out a loan from a bank that is when money is created out of thin air. No money is transferred into your account from some higher bank. No money held in deposits at the bank (these don't actually exist) are transferred into your account. The bank simply creates new money and hands it to you in exchange for loan contract; an asset, probably collateralized by a real thing.
this means we must be very careful and strict about what banks make loans for if we would like stable economy.
problem: the central bankers do not want a stable economy. they want boom-bust cycles they can use to pressure nations to hand more power over to the central banks. this is the "shock doctrine" they used to take control and financialize most nations of the world.