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How is money created?

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Robert Posted: Sat, Jun 18 2011 1:39 AM

I  recentely published this article on Global Research and on Rense.com

http://www.thecactusland.com/2011/05/moral-hazard-of-modern-banking-how.html

And while I am please to have thousands of readers, I was a bit disappointed in the discussion in the comments section.  The real issue, one that is very relavant today, is how valid is the banks claim for repayment, especially on a national level, Greece for example.  I am sure that if people understood how the banks created the money used to buy bonds, they would immeditely call for a debt jubilee.

In my opinion, this is the single most important topic of our time, and we have alot of problems.  I look forward to a lively discussion.

 

Regards,

 

Robert Bonomo

 

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