Our monetary system

[arthursmedley]

Originally Posted by JG4_Helofly

Hi,


I am very interested in it and I would like to know if some people have ever heard about it and what you have to say.

Er...your idea of how banking works is false. Commercial banks do not create credit out of thin air. I think you may be confusing the idea of "quantitative easing" whereby central banks have electronically created credit they transfer to commercial banks to facilitate lending (or create asset bubbles).