Banks do not create currency -they fabricate by alchemy debt that are used as substitute for currency
I have noticed that the majority of my readers are not from my home country Sweden so I thought I would try to write in English. There are probably lots of grammar and spelling errors - feel free to help me clean up the mess in the comments. ------------------------------------------- Banks don't want us to know what's on a customer account. Most people believe that banks create currency. That is a lie. Let me explain why. Say that the monetary base is gold in a country. The banks in this country would then fabricate their own debts on gold and "lend" these to customer accounts. The customer account would in other words only tell you how much gold bank 1, bank 2 bank 3, etc. owe the account holder. It would be wrong to say that each bank with the help of alchemy created gold and that this alchemy gold can be found in the customer’s account. Nowadays we have a fiat system where the monetary base is the central bank money that the central bank creates in the form of...