There are 3 schools of thought on how banks work: Banks loan out deposits theory: Banks loan out deposits. Money multiplier fractional reserve banking theory: Initial money creation from say government spending gets reloaned, and redeposited until everyone owes each other more money than there was initially created. Cash reserve ratios set by central banks […]

Psychics are a fraud. And scientific method is definitely better at inching closer to truth and reality. However anything can be subverted. Lookup Lysenkoism or Nazi Eugenics. Can you be sure there is no equivalent in the current post-90s world order? By definition, DPRK is democratic. By definition you can make anything be good. However […]