Image by AK Rockefeller via Flickr
with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 30, 2016
“Commercial banks create money, in the form of bank deposits, by making new loans… 97% of the [money] currently in circulation [is] created by commercial banks themselves.”
— “Money creation in the modern economy”, Quarterly Bulletin, 2014 Q1, Bank of England
Dandelion Salad 