PositiveMoneyUK
http://www.positivemoney.org.uk/
- Josh Ryan-Collins of the New Economics Foundation explains how banks
create money, out of thin air, through the accounting process they use
when they make loans.
"Independent Commission on Banking told us that there was a "disagreement" amongst the commissioners about whether or not the banks created money!
...So, that's the situation we're in. These are the people who are charged with recreating our banking system! And they don't even understand that banks create credit when they make loans"
"Independent Commission on Banking told us that there was a "disagreement" amongst the commissioners about whether or not the banks created money!
...So, that's the situation we're in. These are the people who are charged with recreating our banking system! And they don't even understand that banks create credit when they make loans"
