(So give it to me!)
I just found this online:
Lord Adair Turner - Chairman FSA
The financial crisis of 2007/08 occurred because we failed to constrain the private financial system’s creation of private credit and money.
Graham F. Towers - Bank of Canada
Each and every time a bank makes a loan, new bank credit is created — new deposits — brand new money.
You don't conduct much research do you? The man in the video is right!!!!!!!
Raynard, you're trying to take the piss out of him, but he's got a point. Can you prove that a promise to pay money is money?
Cash rules everything around me CREAM...
Get the money, dollar dollar bill, y'all.
This gives me a smile. Also, for those who remember the Rhubarb and Custard summers of the early 90s, blow ya whistles! P.L.U.R.
I just found this online:
Lord Adair Turner - Chairman FSA
The financial crisis of 2007/08 occurred because we failed to constrain the private financial system’s creation of private credit and money.
Graham F. Towers - Bank of Canada
Each and every time a bank makes a loan, new bank credit is created — new deposits — brand new money.
You don't conduct much research do you? The man in the video is right!!!!!!!
Raynard, you're trying to take the piss out of him, but he's got a point. Can you prove that a promise to pay money is money?
Cash rules everything around me CREAM...
Get the money, dollar dollar bill, y'all.
This gives me a smile. Also, for those who remember the Rhubarb and Custard summers of the early 90s, blow ya whistles! P.L.U.R.