Bank Of England Admits That Banks Make 97% Of Money Out Of Nothing!!

Max Keiser exposes that the Bank of England admitted in a white paper that banks “create” 97% of the money in the economy from nothing. This shocking interview between Max Keiser and Ben Dyson from positivemoney.org shows that the theory of fraction reserve banking creating money from 10% reserves is actually way out from the true figure which is just 3%.

You hear a lot of talk on the internet about financial deception in the banking industry but this really proves what a ridiculous state the global banking system is actually in.

Also another powder keg episode that really is eye opening on the current state of the economy and how the insurance industry is effectively bankrupt