Jem Bendell on the Money Myth
Great, easy to understand, presentation on the crisis in the monetary system, and what we can do about it, and what is done about it!
This entry was posted on Friday, January 18th, 2013 at 1:23 pm and is filed under P2P Money, Videos.
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I’m not seeing a link or …. above?
Could just be me, it’s been a long snowy day ))
Found it -
we’re having technical difficulties with the blog … embed codes are disappearing!! I’ve asked for help,
do banks just create money when they loan?
i thought they “create” it by charging interest
which needs to be collected by the punter who borrows…
they create it by lending itself, but give it away, thus the interest guarantees it comes back, with a surplus .. the leveraging of loans vs. deposits went up from factor 3 to 30 …
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