Bank deposits caused by banks

https://washingtonsblog.com/2014/03/bank-england-admits-loans-come-first-deposits-follow.html

Money creation.

“Money” not value or productivity.

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf

Monopoly has fewer IOUs.

Broad money is a measure of the total amount of money held by households and companies in the economy. Broad money is made up of bank deposits — which are essentially IOUs from commercial banks to households and companies — and currency — mostly IOUs from the central bank. Of the two types of broad money, bank deposits make up the vast majority — 97% of the amount currently in circulation. And in the modern economy, those bank deposits are mostly created by commercial banks themselves.

***

Commercial banks create money, in the form of bank deposits, by making new loans.

https://disenchantedscholar.wordpress.com/2018/04/25/we-are-totally-fucked/

The immigrants and foreigners in Buy to Let have gotta be my favourite.

Yes, give the nice Yiddish man your shorts. They want to make you “easy money” at their expense.

This description of money creation contrasts with the notion that banks can only lend out pre-existing money, outlined in the previous section. Bank deposits are simply a record of how much the bank itself owes its customers. So they are a liability of the bank, not an asset that could be lent out. A related misconception is that banks can lend out their reserves. Reserves can only be lent between banks, since consumers do not have access to reserves accounts at the Bank of England.

The Muslims thinking they’ve robbed us will get a nasty shock.

Those weren’t smiling white people.

Nobody screws the Jew. N O B O D Y.

1. Be civil. 2. Be logical or fair. 3. Do not bore me.

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