How do Banks create Credit? The basis of Money and Trust | Thomas H. Greco Interview
➡️If you want to watch the full interview, please go to our community forum and share your thoughts in the comments. https://community.intercoin.org/t/int...
Thomas H. Greco, Jr. is an educator, author, and consultant dedicated to economic equity, social justice, and community empowerment. He specializes in the design and implementation of private and community currencies and mutual credit clearing networks.
In this video we discuss about : credit is the essence of money, Does the credit have a price and a strength-based on trust rating? The difference between a bank and the system of credit clearing exchange and more.
How do Banks create Credit? The basis of Money and Trust | Thomas H. Greco Interview
Timeline:
00:00 - Intro
00:47- Interview Starts
01:09 - credit is the essence of money
05:54 - Does the credit have a price and a strength based on trust rating?
09:18 - Can the whole community of organizations see how much credit someone can use?
12:56 - The differences between a bank and the system of credit clearing exchange
15:38 - TrustLine
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