Paying Down Debt Ruins the Economy | Debt based Banking and Velocity of Money Explained

In a world of debt based banking, low velocity of money and the non-stop threat on inflation, we have to continue getting into debt and not saving our money so that the economy can function. It sounds crazy but it is 1000% true and in this video I explain the velocity of money, why paying down debt actually harms the economy and why saving is actually bad for a country because of our debt based money and fractional reserve banking which makes it easy to loan money out that these banks never had to begin with! Our money is borrowed into existence. In most cases the money you borrowed from the bank was not there until you decided to go get that loan. In order for people to pay down their debt, more people have to get into debt because when money is created, they only make enough to pay back the principal but they don't "print" the interest!! This is why it is not only important to STAY in debt, we as a society have to keep spending so that the velocity of money increases and the money is moving through more hands. This would mean more jobs, more promotions and more businesses that will be able to function. Instagram: @thecashcompass Business e-mail: thecashcompass@gmail.com For donations: PO Box 814954 Hollywood, FL 33081 Cashapp: $KrystalTodd Venmo: @KrystalTodd My Youtube Set up: www.amazon.com/shop/thecashcompass *Please be sure to do your own due diligence before making ANY financial decisions. On my channel I share with you my research but please verify everything for yourself! I do not give investment advice, just share my thoughts any my choices!* *Some of the links on this page are affiliate links, meaning, I may earn a commission if you click through and make a purchase, at absolutely no cost to you. Affiliate commissions help keep my channel going so thanks for your support!*