How Banks Create Money And Why Governments Should Too: Part 4
Written by Derryl Hermanutz
Debt-Based Money
Commercial banks do not lend out money they already have and do not lend out their depositors’ account balances. Every bank loan and bond purchase is “funded” by the bank’s creation of brand new money – a new bank deposit: a new spendable bank deposit account balance. That’s where the deposit account money supply “comes from” – it is created by commercial banks.
Source: http://econintersect.com/pages/opinion/opinion.php?post=202001050234
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
| Online: | |
| Visits: | 1,603,888,823 |
| Stories: | 8,151,670 |
Whistler Blowers, Insiders
