The Illusion of Bank Money

Your bank account is basically a hallucination. When you deposit money, the bank doesn't

lock it in a vault; they immediately lend it out to buy someone else's house. They take your quick

cash and turn it into thirty-year loans, which means if everyone tried to withdraw

their funds today, the bank would collapse instantly. It’s called maturity transformation.

They literally create money out of thin air just by typing numbers on a screen. The entire global

financial system isn't backed by gold or assets, it is held together by nothing but vibes

and your trust that it won't crash.