How Is Money Created? Part II

This article aimed at firmly establishing a simple truth: that commercial banks create new money in our economy out of nothing. There’s no deeper mystery to it, and we must not allow our minds to be repelled from this plain truth. Because only then can we properly address the much more significant and far more consequential questions. Questions such as:

Of all the possible alternative ways in which we could create new money and allocate purchasing power, is our current system really the best?

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COVID19 Pandemic Makes Billions For The Billionaires And Destitution For The Rest

Yes, we are all in this together, most of us that is – perhaps higher than even 99% of us. However, the richest 0.1% of the population who sit at the top of the proverbial pyramid; the ultra-rich super elites who control much of the wealth on the planet; they’re not in this (or in anything else) with us.

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