I liked a YouTube video: http://www.positivemoney.org.uk/whats-wrong-fractional-reserve-banking/ – Contrary to common belief, most money now is created by commercial, high-street banks when they make loans, and not by the government or the Bank of England. This video exp…
Who Creates Money? (Hint: Banks, as debt, via Fractional Reserve Banking)
This entry was written by Guy James, posted on March 5, 2011 at 3:00 pm, filed under shared. Bookmark the permalink. Follow any comments here with the RSS feed for this post.
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