How is it Created?

By Alistair McConnachie This article is intended to provide Money Reformers with important background information on the fractional reserve system – and which may help them if they have to explain it at length in any kind of public situation. The explanations which we’ve extracted from the textbooks below, are clear and concise and are [...]

The following is from mainstream economics textbook Success in Economics by Derek Lobley B.A. (London: John Murray Publishers Ltd, 1978 edition), which was part of the “Success Studybooks” series. It was intended to be “appropriate to the Economics syllabuses of many of the professional bodies such as … the Institute of Bankers”. It is published [...]

At some unknown, but fateful, point in medieval history, a moneylender realised that the essence of a viable money system is confidence and that, once this confidence was established, a magical and very remunerative trick could be played. Typically, the moneylenders were possessors of a stock of precious metals, which they would loan out into [...]

abridged from the works of Michael Rowbotham The financial system currently adopted by all nations is often described as “debt based”, since the process of going into debt is relied upon almost exclusively to create and supply money to their economies. By the action of lending to borrowers, commercial banks create credit and advance this [...]