Debt Rattle December 11 2016

[Raúl Ilargi Meijer]

‘Daly’ Somewhere in the South, possibly Miami 1941 • The ECB Is Creating A World Of Zombie Banks And Zombie Companies (HandBl.) • Stocks Have Only Bee
[See the full post at: Debt Rattle December 11 2016]

[Patricia]

As 97% of all money in circulation is created by the Banks and only 3% is created by the State why is there this burning desire to get rid of cash? In my view this is the ultimate in privatisation of the money supply. Neoliberalism will have triumphed if this happens.

[Patricia]

And a further thought. As central Banks are independent of Government then all monetary control will be through the central Banks. They will tell the commercial banks what and how they can lend. Isn’t this just another way to reduce the power of the people as to how their country is run?

[Author]

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