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  1. Re: The essense of debt money: Banks have exclusive license to interchange value for promises

    Put another way:

    SLAVE (to bank): If you give me $10 today I promise to pay you $11 tomorrow.

    BANK: Okay. Sounds like a good deal. I accept your promise. Let me create $10.00 for you. ...
  2. Re: The essense of debt money: Banks have exclusive license to interchange value for promises

    The key here, I think, is the banksters also enjoy a monopoly on the promised value, i.e., that which is promised is ever sought by the enslaved class to satisfy the indebtedness of the present...
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