Banking Sleight of Hand

Kevin Cox
4 min readJun 15, 2024
Figure 1 — Bankers pretending that interest is new money

Banking has evolved over centuries, but it has always charged interest twice because it claims that the interest it charges is money produced by the loan. The sleight of hand is that interest did not create profit to be repaid. The borrower's use of the money created the profit, not the money itself. Money does NOT increase in value over time.

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Kevin Cox

Kevin works on empowering individuals within local communities to rid the economy of unearned income.