Banks are cutting lending to industrial borrowers.

Modern cities are fossil fuel dependent.

So Bank C will have an asset here that says, no I lent money to Bank B.

The bank loaned him 500 dollars.

The bank lent him 500 dollars.

So let's say that Bank A, one of its 3 billion in assets, is a loan to Bank C.

It's because of the way money is created, as interest bearing debt.

Bank lending is rising because of lower interest rates.

Growth is another thing that's built into our money system.

The bank loaned the company 1 million.

We must ask the bank for the loan.

The bank loaned the company one million dollars.

The bank has loaned the company 1,000,000.

which requires an increasing supply of energy to support it.

And so now, you have this chain reaction occurring, this cascade of negative events.

So in this month, we have to use 200

And in this example as opposed to giving the gold out to make loans and be used for projects that gold gets redeposited and then re lent out

And that loan officer at the bank, he's going to be giving the bank's money for your house, right?

And he needs 300 gold pieces.

Or it has to be collateralized by some asset.

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So in this situation, what you're going to have happen is Bank A is going to lend some reserves is going to lend some cash to Bank B.

I can do is... So he needs 100 gold pieces.

A bank lends us money at interest.

The bank accommodated him with a loan of 10,000 yen.

We're using 200 of that, so now we've kind of overdrawn our bank balance.

This company is worth nothing.

So what happened to the bank?

It thinks that, you know what, if we just somehow buy this

And then take that 1 million, give it to me, and get 10 on what I just borrowed.

How about renting a deposit box at the bank?

And then the other 200

And then that first year, October '05 through '06,

We'll go into that later.

Kayo, your Dad works in a bank Can we get a loan?

And I give him a bunch of these things that I've printed out from the Bank of Sal.

A lone robber held up the la brea savings and loan.

A lot of companies are going under lately because banks are so tight with their money.

And because its stock price is going down, no one wants to

And this is the rate that you always hear talked about on the news, and it's essentially a target rate that the Fed wants to see banks lending money,

lending cash to each other on an overnight basis.

What bank?

Bank?

Jane went to the bank to take out some money.

And I know what you're thinking.