In an interview, the Australian economist Steve Keen answers the question how money gets created. Moreover, he suggests a “polite way to get rid of an excessive banking sector.“
Posts Tagged ‘Banking System’
“Banks fundamentally run on double-entry book keeping“
November 23rd, 2021
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Follow the Money: The NSA’s real-time electronic surveillance of bank transactions
Februar 2nd, 2014
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Today I publish exclusively the complete transcript of an old, yet important PBS Television documentary entitled „Follow the Money,“ because it is an amazingly candid explanation by the Reagan National Security Council staff on the then new mission in the 1980’s for NSA to begin real-time electronic surveillance of bank transactions.
Money lies disguise banking truths
April 17th, 2013
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Economist Norbert Haering, discussing “the veil of deception over money“, argues that closely limited and clearly specified interests distort deliberately the true nature of banking. The vast majority of money in circulation, he says, isn’t issued by central banks but by private financial institutions.
