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How Bankers Seized America through Liars Loans and Accounting Fraud

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Comment by Ed Price
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All bank loans are creations of new money.

From the booklet **QQ**Two Faces of Debt**QQ**:

**QQ**The flow of savings and the way these funds return to the income stream through creation of debt are shown in the following diagram: Savings and Debt in the Income Stream. If any channel is cut off, future income is reduced.

. . . a money creation function

Debt does more than simply transfer idle funds to where they can be put to use -- merely reshuffling existing funds in the form of credit. It also provides a means of creating entirely new funds -- funds needed to finance the greater volume of new projects and spending that contribute to economic growth.**QQ**

The booklet, **QQ**Two Faces of Debt**QQ**, is a Federal Reserve Bank booklet.

Google it.

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