My knowledge of the banking and financial system is limited, but from what I can see the article contains several factual errors that it exploits to make the po

My knowledge of the banking and financial system is limited, but from what I can see the article contains several factual errors that it exploits to make the point that private banks are evil. Example: the author claims that the ECB (european central bank) is co-owned by Deutsche Bank, which is directed by a private council. This is simply wrong. While Deutsche Bank is a private bank, ECB is co-owned by the "Deutsche Bundesbank" which is a state-owned and controlled organisation (even if the bank is intentionally only loosely controlled by the state, which is a common for several organisations in germany). Another example: he claims that private banks can 'create' money. That's not true. The federal/central banks do, and they give that money to the private banks, which have to pay interest for that money.