Robert Wakefield
@Robertauthor
27 February, 03:01
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The Federal Reserve Bank of Chicago publication, Modern Money Mechanics page 3 states, "The actual process of money creation takes place primarily in banks."
The Federal Reserve Bank of New York publication, I Bet You Thought… on page 19 states, “Commercial banks create checkbook money whenever they grant a loan.”
The Federal Reserve Bank of Texas publication, Money, Banking and Monetary Policy page 11 states, “Banks actually create money when they lend it.” “Because the loan becomes a new deposit, just like a paycheck does…”
Every "loan" obtained from a commercial bank by a flesh and blood human being is fraudulent.
The Federal Reserve Bank of New York publication, I Bet You Thought… on page 19 states, “Commercial banks create checkbook money whenever they grant a loan.”
The Federal Reserve Bank of Texas publication, Money, Banking and Monetary Policy page 11 states, “Banks actually create money when they lend it.” “Because the loan becomes a new deposit, just like a paycheck does…”
Every "loan" obtained from a commercial bank by a flesh and blood human being is fraudulent.
03:27 PM - Feb 27, 2023
In response Robert Wakefield to his Publication
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