Saturday 28 March 2015

Money is just an IOU, and the banks are rolling in it

Money is just an IOU, and the banks are rolling in it


Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning". Last week, something remarkable happened. The Bank of England let the cat out of the bag.

Read more: http://ift.tt/1EO5G1p

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