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Wednesday, October 21, 2009

How banks create money out of thin air

Very interesting, & possibly useful, article - check it out. From the article:

"The process a bank uses to create money demonstrates that money is not a commodity in limited supply, where there is only so much to go around. Money is not equivalent to currency. Money is created in money-making transactions, which means there is no potential limit to money."

Read the rest of the article here, at Ezine Articles.


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