By Andrew Mackinnon
Last updated: 21st October, 2023
Assets – Loans receivable – As at 30th June, 2022
By Andrew Mackinnon
Last updated: 21st October, 2023
Assets – Loans receivable – As at 30th June, 2022
By Andrew Mackinnon
Last updated: 17th August, 2024
The Bank of England came out in 2014 and admitted that privately owned, commercial banks create money out of nothing when they lend to citizens, (non-citizens,) businesses and not-for-profit entities and impose an obligation on them to pay interest on this money created out of nothing: