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Jem Bendell on the Money Myth

photo of Michel Bauwens

Michel Bauwens
18th January 2013


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!

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5 Responses to “Jem Bendell on the Money Myth”

  1. Gareth Says:

    I’m not seeing a link or …. above?

    Could just be me, it’s been a long snowy day ))

  2. Gareth Says:

    Found it -
    http://www.libertariannews.org/2011/10/26/bitcoin-jem-bendell-the-money-myth/
    or
    http://www.youtube.com/watch?v=X5uGLbV5zVo&feature=youtube_gdata
    xx

  3. Michel Bauwens Says:

    we’re having technical difficulties with the blog … embed codes are disappearing!! I’ve asked for help,

    Michel

  4. happyseaurchin Says:

    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…

  5. Michel Bauwens Says:

    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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