RE: What I Learned in the Zeitgeist Movement | Part 3: "Debt-Machine"

[canadianrenegade]

You may be right, it could all just be BS and they could just put whatever they want in a computer. Anyway I did find the article. It is from the Bank of England. So if you are looking for a primary source document.

https://www.monetary.org/wp-content/uploads/2016/03/money-creation-in-the-modern-economy.pdf

Comments

[canadianrenegade]

This article explains how,
rather than banks lending out deposits that are placed with
them, the act of lending creates deposits — the reverse of the
sequence typically described in textbooks.(3)