MONEY CREATION

When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. AT THAT MOMENT, NEW MONEY IS CREATED. (The Bank of England)

Planet Earth is 4.5million years old, and our human species, ‘Homo Sapiens’, only evolved about 200,000 years ago – so humans have been around for a mere 0.004% of the Earth’s history.

The first metal money and coins appeared about 1000BC, and the history of capitalism can be traced back to Western Europe during the Middle Ages.

Clearly then, the current global economic system of capitalism (or any other economic system throughout time) was most certainly not an evolutionary phenomenon that occurred simultaneously when Homo Sapiens first walked upon the Earth, nor was it a creation by any ‘deity’ as a divine commandment.

It is, quite simply, a social construct – a totally ‘man-made‘ concept!

A concept that has now developed into a fun game of ‘Monopoly’ for the banks, financial institutions, and the elite 1% rich to play and have their ‘fun’ with us.

SO, IF MAN MADE IT…MAN CAN MOST CERTAINLY CHANGE IT!

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Money Magic!

Fundamental to understanding how a Taxless Economy will work, it’s important to understand just how the current economic system creates money and, moving forward with a Taxless Economy, how all the governments of the world can, and should, create money to fund the basic needs and rights of every citizen on the planet to end poverty and hunger without the burden of having to pay tax on our earnings.

Hey Presto!

MONEY IS, IN FACT, ‘MAGICALLY’ CREATED ELECTRONICALLY, ‘EX-NIHILO’ (‘OUT OF NOTHING’), WITH THE SIMPLE CLICK OF A COMPUTER MOUSE BUTTON!

BASICALLY, ALL MONEY CREATED IS JUST AN ‘IOU‘ – AND THE BANKS ARE ROLLING IN IT!

Banks currently create 97% of all money in circulation (from interest-bearing debt and the scandalous fractional reserve banking system) and the government just 3%.

For more in depth information on money creation, please refer to the following:

You may also want to watch one, or all, of these documentaries:

Quantitative Easing

The concept of money creation via ‘Quantitative Easing’ (a term coined by Professor Richard Werner) will also be of special interest to you because this, basically, is how all money will be created in a Taxless Economy.

Quantitative Easing is supposedly used to help stimulate the economy by injecting more cash into the system and was most famously used during the financial crisis of 2007 – to bail out the corrupt banks!

However, Quantitative Easing is, quite simply, legalised ‘money laundering’ – the phoney counterfeiting of money!

If you or I were to ‘print’ or ‘create’ money just as the banks do with Quantitative Easing, we would face a lengthy jail sentence under current laws!

The Bank of England actually states on it’s website just how it creates new money electronically“!  (see page 2 of this document)

For further information, please refer to:

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