/biz/ - Business & Finance

we need a recession or else we'll end up in a depression

Milton Friedman was a shill for the bankers.

He blamed all inflation on "government money printing." In fact, all money is created digitally by private banks issuing loans.

Private banks create all money digitally AFTER the borrower signs the loan contract.

Here's an admission from 1966 by the NY Fed:

"In the communist countries, money is created in the same way as in capitalist countries -- through the extension of bank credit."

More proofs at:
bankLIESdotORG

>>49272204
>"In the communist countries, money is created in the same way as in capitalist countries -- through the extension of bank credit."

>>49270505
>we
im jumping ship to another country asap fuck the US its best days are past

Professor Richard Werner proved that private banks create all money, NOT government. Werner Proved that banks create the money they lend AFTER the borrower signs the loan contract, with no need for prior reserves or deposits.

Werner's proofs also destroyed Milton Friedman's lies about government creating all money on a printing press.

Proofs available at:
bankLIESdotORG

Even the Bank of England admits that banks create the vast majority of money through lending.
The 2014 Bank of England research paper, "Money Creation in the Modern Economy" says that banks create new, digital money to lend AFTER the borrower signs the loan contract.

This Bank of England study DESTROYED the myth of government-create money, and also DESTROYED decades of Milton Friedman lying and shilling for the private banks.

Private banks create all money, NOT government.

bankLIESdotORG

>>49272279
>the US dollar is printed by private banks even when it is owned by the state and backed by the state
Oh god, you don't say?

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>>49272439
Less than 1% of the population understand the bank-created money system. Even you have it wrong.

The government forces us to use dollars to pay for taxes, fines, fees, and licenses. Anyone refusing dollars becomes homeless, impoverished, or imprisoned.

But government doesn't create any dollars. Only private banks create dollars. The only ways to get dollars are to borrow new ones by borrowing them from a bank, or capture older dollars that were borrowed into existence by another debtor.

Obviously, Milton Friedman was a shill for the bankers who control our money system. That is why he blamed money creation and inflation on "government printing presses", and never revealed the truth about bank-created debt money.

Proofs available at:
bankLIESdotORG

>>49272357
>>49272204

if interest rates were higher, less people take out loans, banks lend less, banks makes less money

>>49273341
Wrong.

All bank loans cannot be repaid because the banks only create the principal amount but never the additional interest that is due. So people are forced to borrow more and more money to pay the interest, which is always growing. This is why debt levels grow higher and year, year after year.

People are forced to borrow even when the economy is terrible and even when rates are high. This happened during the 1970;s in the USA. And this happened during every hyperinflation on record as people were forced to borrow more and more money while interest rates were surging.

>>49273484
You are presenting this as some grand conspiracy, but it's just fractional reserve banking, adopted by governments all over the world. What is your goal here? Shill your web page, garner followers and show them ads / sell them to the highest bidder?