* Posts by deelam

1 post • joined 15 Dec 2011

Cheap energy revives US manufacturing, skint Brits shiver

deelam

Good article but I take exception to the statement that 'money cannot be magicked out of thin air'

A basic understanding of fractional reserve banking will reveal that this statement is entirely incorrect. The banks have been creating money as debt (ie out of thin air) for an awfuly long time!

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