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Home Alternative News Notizie Freeman Films: Where Does The Bank Get Its Money To Lend?

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Here's a simple question: If you take out a mortgage or any sort of loan with the bank, where precisely does this money come from?

What if I told you that the bank simply created the money out of thin air?

What if I told you that the bank simply wrote a cheque against itself in order to put this money in your account?

Why not ask the real experts? Let's see what The Bank of England has to say on the matter.

Bank of England Quarterly Bulletin 2008 - Q1. Let's turn to page 103 of this report:

Banks extend credit by simply increasing the borrowing customer’s current account, which can be paid away to wherever the borrower wants by the bank ‘writing a cheque on itself’. That is, banks extend credit by creating money.


Once again just so you understand this: Banks extend credit by creating money.

So there you have it, straight from 'the horse's mouth'.

Now, I suggest you ask yourself, when the bank threatens you with 'legal action' or 'the bailiffs' or 'repossesion' because you have failed to 'pay them back' the 'money' they 'lent' you, how, precisely, have they suffered any actual loss?

Better still, ask your bank manager, or the magistrate or judge... and watch them squirm...

To learn more: Freeman-On-The-Land Forum   http://www.fmotl.com/forum





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