97% Owned is a British documentary from 2012 produced by Michael Oswald, in which the concept money supply based on the issuance of debt is explained, also called Fractional Reserve Banking. The topic is analysed in the United Kingdom, and sketches a scenario in which this leverage of 97% digital over 3% real economy will shift even further, say 98 versus 2 or 99 versus 1. The most identifiable systemic risk is the accumulation of increasingly unaffordable and likely to default debt.
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