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Pittsburg, Kansas | There have been a number of discussions about how our monetary system operates and money is created. I have posted links to a Bank of England paper that explains it. I ran across this video that explains it in very understandable terms and is in video format with supporting information.
For those that were taught the money multiplyer explanation............... well what can I say other than you were taught and I originallybelieved was simply wrong.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.you...
If the link does not work just do a google or youtube search for "fractional reserve banking not what the textbooks tell you"
John
Edited by John Burns 12/27/2016 22:00
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money creation video
