/biz/ - Business & Finance

>>51000202
Truth! And 4chan is full of these people who think they understand money creation but really have no idea what they're talking about.

We CAN abolish the bank-created money scam! But not until a lot more people know it exists. Help spread the word!

proofs at:
bankLIESdotORG

>>50867449
NO, idiot: No individual can be free from the banker's trap! Bankers create all the money and also the inflation, recessions, and hyperinflations. And they control most of all politicians, most of our news, most of foreign policy, and most of the terrible far-left Liberalism that is causing western decay.

Is all that really worth it so you can buy a few trinkets destined for a landfill?

bankLIES.org

"When Money Dies" by Fergusson was some crazy stories of the Weimar hyperinflation of 1922-23.

Most interesting to me was that he described the money creation process briefly in the introduction. Weimar Germany had the same system we do now: All money was created out of thin air by a privately-owned central bank (The Reichsbank) and privately-owned credit banks.

The German government printed the paper notes, but only banks created the actually money and distributed the paper notes into circulation.

>>50052152
bankLIESdotORG

>>49421721
Reverse Repo be day bank-owned Fed creating new, digital money out of thin air to buy sheet. The stuff they be buyin' be securities, Jack.

But where all dat money supply be originatin', child? Sheeeet, all money be created by private banks issuing loans.

>>49393151
Think about it: if government could create their own debt-free money and spend it into circulation, why would there be any National Debt at all? Obviously if government could create their own money there would be no government debts.

You are missing the point: private banks create all money, NOT government.

Even in the European countries where the central banks are state-owned, this is true. Richard Werner studied this and found that over 97% of the money supply is created by private bank lending. The small, remaining 3% is something that called "bank reserves" that never circulate as money.

Bank reserves are a created by central banks, but don't circulate as money. All circulating money is created by private bank lending.

Take a minute and read the documents I've posted. These are important admissions by the Library of Congress, Federal Reserve, US Treasury, Bank of England and others that prove what I'm saying.