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pavelmares
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Can Banks Really Just Create Money?

- Paul Tustain - Bullion Vault

Just a remark - the hyperlink to "Money Printing for Beginners" under the article opens the BulionVault homepage, but I found no field for the requested e-mail registration without opening an account there.

Commented 4255 days ago

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Beginning of the headline :It's the banks, not their customers, who actually wind up owing each other money... OBSERVERS of Fractional Reserve Banking have noticed that your deposit into a bank can cause the bank to offer new loans well above and beyond the size of your deposit. Those watchers often object on the grounds that this is new money which shouldn't have been created... Read More

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