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Its not "believing" if its true. Most of the world money supply is created through loans. I looked at the numbers last week and my memory is failing me, but is
by orwin 6y ago
Its not "believing" if its true. Most of the world money supply is created through loans. I looked at the numbers last week and my memory is failing me, but is think that less than 6% of circulating euros are issued by the european central bank. I mean you just have to look at the money supply (estimated) and agregate all ECB issued money since 2001 (data freely available online, but you can pay to have the work done for you). Government creating money is a drop in the water. At all time, money is created through loans. Reimbursing the money destroys it.