Max Keiser on How Is Money Created

Popular journalist and broadcaster Max Keiser  and monetary reformer Simon Dixon look at the root cause of the problems we face today and talk about how is money created on Press TV:

[sws_blockquote_endquote align=”” cite=”” quotestyle=”style02″ link=””] “Most people assume that banks take on a deposit and then they loan that deposit out and that’s create liquidity in the system. That’s false! In today’s banking system, banks first lend money into existence – that’s where money comes from: It’s loaned into existence as debt.”

Max Keiser [/sws_blockquote_endquote]

[sws_blockquote_endquote align=”” cite=”” quotestyle=”style02″ link=””]”The debt is never going to be paid off. It can’t be paid off. And we have to stop pretending that the governments actually want to pay it off as well. Because we have to remember, that when we’ve got a system where all money is essentially debt – which is the system we operate in today – if they’d ever repay that debt, we’d end up in a scenario where we wouldn’t have enough money for our economy.”

Simon Dixon [/sws_blockquote_endquote]