SkeptiSchism

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Registration Date: 04-18-2017
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Local Time: 04-30-2017 at 08:12 AM

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Joined: 04-18-2017
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Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.

http://www.bankofengland.co.uk/publicati...eation.pdf
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