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 The Banking Secret that Neither Economists Nor Laypeople Know … Which Makes the Fatcats Richer, While Destroying the Real Economy

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PostSubject: The Banking Secret that Neither Economists Nor Laypeople Know … Which Makes the Fatcats Richer, While Destroying the Real Economy   Tue Mar 14, 2017 3:06 am

Private Banks – Not the Government or Central Banks – Create 97 Percent of All Money

Who creates money?

Most people assume that money is created by governments … or perhaps central banks.

In reality – as noted by the Bank of England, Britain’s central bank – 97% of all money in circulation is created by private banks.
Bank Loans = Creating Money Out of Thin Air

But how do private banks create money?

We’ve all been taught that banks first take in deposits, and then they loan out those deposits to folks who want to borrow.

But this is a myth …

The Bank of England the German central bank have explained that loans are extended before deposits exist … and that the loans create deposits:



http://www.washingtonsblog.com/2017/03/entire-banking-system-based-fraud.html
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The Banking Secret that Neither Economists Nor Laypeople Know … Which Makes the Fatcats Richer, While Destroying the Real Economy

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