These 6 videos have been created and published by the Positive Money Campaign, UK: http://positivemoney.org
Before we discover how banks really work, and how money is created, first to clear up any confusion, we need to see what’s wrong about the way that most people think banks work.
Most students and graduates get taught about something called the ‘money multiplier’. In this video we’ll show that it’s an inaccurate and outdated way of describing how the banking system works.
See how commercial banks can create money through the accounting process they use when they make loans, how banks make payments between each other using specially created central bank money, if the Bank of England really can control how much money is in the economy …and more.
What actually limits how much money the banks can create? Reserve ratios, Liquidity ratios, Capital Adequacy Ratios and/or the Basel accords? Explained in an easy to understand way.
You might hear some people say that “Banks don’t create money – they just create credit”. This response often comes from civil servants and people trying to deny that banks now create the nation’s entire money supply. So let us show you why the numbers that banks create are money, and not just ‘credit’.
Remember how new money is created when a bank makes a loan? Well, when someone repays the loan, the opposite process happens, and money is actually destroyed. It effectively disappears from the economy entirely. This video explains how.
Dr. Leander Bindewald
International Research and Consulting
Dr. Hugo Godschalk
Consultant for digital payment systems
Prof. Dr. Silja Graupe
Philosophy of Money, Economics
MONNETA Director and Communications
apl. Prof. Dr. Niko Paech
Post-Growth and Pluralist Economics
Solidarity Economy Pioneer and Musician
Dr. Philipp Degens
Sociologist and cooperatives experte
Research,Consulting on Money & Sustainability
Director Regios eG, Founder "Chiemgauer"
Prof. Dr. Christian Kreiß
Finance, Investment Banking
Prof. Dr. Karl-Heinz Brodbeck
Economist, Philosopher, Ethicist
Independent Financial Consultant
Communication Trainer, Speaker
Lecturer, Money, Currency and Co-operatives-Researcher
Lawyer, Director "Regiogeld" Association
Dr. Eva-Maria Hubert
Social Entrepreneur, Economist
Prof. Dr. Dr. Stefan Brunnhuber
Phycician and Economist
End of advanced course
End of basic course