It must be difficult to learn that everything you thought you understood about banks and loans and money creation is a lie based on a scam. Here is an article

It must be difficult to learn that everything you thought you understood about banks and loans and money creation is a lie based on a scam. Here is an article explaining how banks create money for loans, search for “The money creation process”: http://www2.harpercollege.edu/mhealy/eco212i/lectures/ch13-17.htm http://www2.harpercollege.edu/mhealy/eco212i/lectures/ch13-1... > banks create money when doing their normal business of accepting deposits and making loans. When banks make loans they create money. remember from chapter 12 that money (M1) is currency (coins and bills) AND checkable deposits. When I got a loan for my boat the bank called me up and said that they deposited the loan in my checking account. This new deposit is NEW MONEY created by the bank. they just turned on their computer, logged into my account, and changed the amount that I had. They created money.