Money as Debt II - How bank's issue new credit [l/VIDS]

[kidsmediapastor]

"If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do... Only commercial banks and trust companies can lend money that they manufacture by lending it." - Professor Irving Fisher, economist, in his book 100% Money (1935).

1. www.youtube.com/watch?v=_doYllBk5No (9 mins 55 secs)
2. www.youtube.com/watch?v=pp7tiySCyb4 (9 mins 55 secs)
3. www.youtube.com/watch?v=lG7Jjb0cw9o (9 mins 55 secs)
4. www.youtube.com/watch?v=0-O_yGEI_0U (9 mins 55 secs)
5. www.youtube.com/watch?v=6MwHgpFSQMo (9 mins 55 secs)
6. www.youtube.com/watch?v=vH1M1QaM6SY (9 mins 55 secs)
7. www.youtube.com/watch?v=4GH4OElpZtM (9 mins 55 secs)
8. www.youtube.com/watch?v=iqeTComdm5A (8 mins 01 secs)

Also, see the original Money as Debt (47 mins) documentary.

Other documentaries: Fiat Empire | Don't Mind The Men Behind The Curtain | The Money Masters | Money, Banking and the Federal Reserve | Reality of Money

 

[613jono]

@kidsmediapastor Bob's Quick Guide To The Apostrophe