
Ellen Brown | The Broken Economy & The Public Banking Solution
Bank Credit Creation and the Web of Debt
Banks create over 95% of the money supply through the issuance of loans rather than the government printing physical currency. This reality, once considered a fringe theory, has been acknowledged by institutions like the Bank of England and the Bundesbank. When a bank issues a loan, it essentially writes new money into an account, using deposits or the repo market to balance books as needed.




