It’s been over a decade since I first read “Modern Money Mechanics” a publication of the Federal Reserve Bank of Chicago…
But I have not forgotten its contents, nor the clarity of its description of just how our money is ‘created’ by the banks.
This video is a great little introduction to the larger picture. And be sure to go back and read “Modern Money Mechanics” so you can fully understand the endless transfer of wealth the US money system provides to the bankers.
Tags: banks, central banking, Debt Based Money, Expanding Deposits, finance, financial bubbles, Modern Money Mechanics, money, the Fed, The Federal Reserve, The Federal Reserve Bank of Chicago, US monetary system, wealth transfer