Banks create money out of nothing when they extend loans and then charge borrowers interest on this newly created capital. The result is an ongoing multi-billion pound/ dollar subsidy breaking the basic rules of capitalism. What is perhaps even more surprising is that there appears to be no explicit description of the 'bargain' underlying this important arrangement. By Graham Barnes.
Sign up (for free) to stay informed about Feasta's research into the vital changes that are needed in our global energy, food, monetary and taxation systems in order to respond to the environmental emergency that humanity is facing.
Your information will *never* be shared or sold to a 3rd party.