Do people know this? Banks print money. Which they do by typing into a computer. And they don't have anything to back it. They don't have any gold or silver or any other “precious” metals to back it. So its actually not worth anything.
In todays world its mostly digital. But the same thing applies. Banks don't actually have any currency of real value.
What I want to know is why people are allowing this continue?
They make billions from creating it out of thin air yet we have to work for it. Does that seem right or fair to you?
Here is a video that explains it better than I can.