Funny Money II

Don't believe Modern Money Mechanics?

Give this a try...

"With an original deposit of $5,000 and just three transactions, three banks got $13,550 in New Deposits and made $12,195 in loans. A lot of money is created when the banks, credit unions, and savings and loans in the United States get involved." The Story of Banks, Federal Reserve Bank of New York, page 10.

"That is, the Fed buys securities with money it creates, money that didn't exist before. The bank, in turn credits the seller's account." The Story of Monetary Policy, Federal Reserve Bank of New York, page 11.

Banks would never lie to you, would they?

Eliminate Credit Card Debt... Let me show you how to pay off all your credit card debt using the same money the bank used to fund your account! One Day I Woke Up and Found Myself $65,276 In Debt From Credit Cards... Now I'm Debt Free! You can be too - In two weeks or less!