The banks themselves create money, usually at a rate of at least 9 to 1 - for every one dollar deposited, the banks can create an additional $9. There is a massive expansion of the money supply. [...]
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The banks themselves create money, usually at a rate of at least 9 to 1 - for every one dollar deposited, the banks can create an additional $9. There is a massive expansion of the money supply. [...]