Banks make so much money because they can create money, effectively out of nothing, by lending. Every single pound in your bank account was created by a bank, not by your government.
Visit www.PositiveMoney.org.uk, find out more and SUPPORT THE CAMPAIGN. ...and spread the word!
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Thursday, December 8, 2011
Wednesday, December 7, 2011
What is a Central Bank?
A video explaining what a Central Bank is and how it was made. Every country has a central bank but the known Central Banks are; European Central Bank, Federal Reserve Bank, World Bank, IMF (International Monetary Funds).
The famous quote:
"I believe that banking institutions are more dangerous than standing armies... If the American people ever allow private banks to control the issue of currency... the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered."
- Thomas Jefferson (1743-1826)
The famous quote:
"I believe that banking institutions are more dangerous than standing armies... If the American people ever allow private banks to control the issue of currency... the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered."
- Thomas Jefferson (1743-1826)
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