An IMF Proposal to Ban Banks from Issuing Money
Mar 31, 2014 11:58:44 GMT -5
Post by popcorn on Mar 31, 2014 11:58:44 GMT -5
An IMF Proposal to Ban Banks from Issuing Money
For the past 18 months ago, IMF economists Michael Kumhof and Jaromir Benes have been circulating a proposal to end the ability of banks to create money.
As Kumhof explains in the Nov 2013 video below, the perception that governments create money is totally false. In the current global economic system, only about 3% of money (mainly coinage) is created by government. The other 97% is created by private banks out of thin air when they generate new loans. See The Real Vampires: an Insider’s View of Banks.
read more:
www.veteranstoday.com/2014/03/29/an-imf-proposal-to-ban-banks-from-issuing-money/
Christine LaGarde Reset - Interview With Christine LaGarde IMF
For the past 18 months ago, IMF economists Michael Kumhof and Jaromir Benes have been circulating a proposal to end the ability of banks to create money.
As Kumhof explains in the Nov 2013 video below, the perception that governments create money is totally false. In the current global economic system, only about 3% of money (mainly coinage) is created by government. The other 97% is created by private banks out of thin air when they generate new loans. See The Real Vampires: an Insider’s View of Banks.
read more:
www.veteranstoday.com/2014/03/29/an-imf-proposal-to-ban-banks-from-issuing-money/
Christine LaGarde Reset - Interview With Christine LaGarde IMF