Tag Archives: Money

Revive Lincoln’s Monetary Policy: an Open Letter to President Obama

Revive Lincoln’s Monetary Policy: an Open Letter to President Obama by Ellen Brown posted Apr 07, 2009 President Obama at the We Are One Inaugural Celebration at Lincoln Memorial Dear President Obama: The world was transfixed on that remarkable day in January when, to poetry, song, and dance, you gazed upon Abraham Lincoln’s likeness at the […]

Money creation out of dept: Fractional Reserve Banking

 

Bank of England

By far the largest role in creating broad money is played by the banking sector…..Whan banks make loans they created additional deposits for those that borroxed the money. Bank of England