Banking / Loans / Interest / How ?

Hi there
What I have heard is that when you a get a loan from a bank, rather than the bank checking the vault to see how much money they have to give you, instead these days they just create money by typing in the computer £ - 1 - 0 - 0 - 0 - 0, and there you go a ten grand loan.
Created out of thin air. The banks are given a special license by the Government to do this.
And so now you owe this money and have to work for it with your boy and mind, plus interest of course.

But my question is this, when you pay back the capital of ten grand ... where does it go ? Tweet