Watch special discussion on Money, Debt and Banks on Aljazeera TV. Who is actually in charge of all the money? Where does money come from? Why there is a debt crisis? Are the bankers and the banking system out of control?
With Professor Jem Bendell of the University of Cumbria, Tarek El Diwany, a senior partner at the Islamic investment and finance consultancy Zest Advisory and entrepreneur David Fishwick (Bank on Dave).
“…it surprised us that our commercial banks are actually responsible for creating 97 per cent of money. The way they do that, they create money into existence with a few taps on a keyboard.”