All of the cash inside our economy is established by banks, by means of bank deposits – the true figures that come in your account.

All of the cash inside our economy is established by banks, by means of bank deposits – the true figures that come in your account.

Banking institutions create brand brand new cash every time they make loans. 97% for the cash throughout the economy today exists as bank deposits, whilst simply 3% is physical money. This video that is short:

The income that banking institutions create is not the paper cash that bears the logo design associated with the government-owned Bank of England. Continue reading “All of the cash inside our economy is established by banks, by means of bank deposits – the true figures that come in your account.”