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Do banks relend interest? 10000
Do banks relend interest? Idea 7 August 2013, elaboration 27 October 2013 and 6–8 February 2015 What? That's an idea that keeps coming back in what people write. What idea? That the interest that borrowers pay to banks, is lent out again at more interest. For new loans, new interest must ...
https://rudhar.com/economi/monydebt/en/023rlend.htm - [detail] - [similar]
Creating interest 5503
Creating interest 1 July 2013 Worries Many people are worried about interest, and in their opinion interest should be banned entirely, because they think: that banks create money when lending money (and I think so too ); that banks do not also create the interest, which causes a constant ...
https://rudhar.com/economi/monydebt/en/020crein.htm - [detail] - [similar]
Self-funding 5258
Self-funding Idea 31 July – 1 August, text 1–3 August 2012 Learning by explaining When I started to write the articles in this series , I thought I knew enough and understood things well enough, to be able to explain them to others and to correct their misunderstandings. Now, after havin ...
https://rudhar.com/economi/monydebt/en/010slfnd.htm - [detail] - [similar]
Applying double-entry bookkeeping 5103
Applying double-entry bookkeeping 24 October 2017 Introduction Four of my earlier articles , written in 2012, were inspired by what I read on the site bibocurrency.org , written by Marc Gauvin and others. Today, he is one of the people behind the newer site Money Systems Transparency All ...
https://rudhar.com/economi/monydebt/en/2171024.htm - [detail] - [similar]
Cashless funding 4966
Cashless funding Ideas 5 and 20 August, text 22 August and 14–15 September 2012 None the richer, none the poorer This part: idea 20 August, text 22 August In my first article I showed how money creation occurs when a bank grants a cash loan to a borrower. The cash amount had been previou ...
https://rudhar.com/economi/monydebt/en/011clfnd.htm - [detail] - [similar]
Central bank funding government? 4933
Central bank funding government? 31 July – 11 August 2013 (some corrections 12 and 13 August) Introduction What inspired me to write this text, was an article entitled “ Oh Canada! Imposing Austerity on the World's Most Resource-rich Country ”. It was written by Ellen Brown (in full: Ell ...
https://rudhar.com/economi/monydebt/en/022cengo.htm - [detail] - [similar]
Principle of accounting 4776
Principle of accounting Debit and credit The balance sheet is at the centre of bookkeeping. The balance sheet shows assets and liabilities at a given point in time, i.e., it shows what a company owns and owes. The entries on the balance sheet are general ledger accounts, or in a somewhat ...
https://rudhar.com/economi/boekhoud/prcacten.htm - [detail] - [similar]
Free money for US government? 4733
Free money for US government? Writing history of this article Introduction There's an ongoing discussion with Stanley Mulaik on Facebook, about money creation by the US central bank (the Fed) and the US budget deficit. If I understand him correctly, the US government can spend more dolla ...
https://rudhar.com/economi/monydebt/en/2170921.htm - [detail] - [similar]
Money out of thin air? 4560
Money out of thin air? 23–29 June 2012 Paradox Money creation does exist. And money creation does happen when a bank lends someone money. However, the bank doesn't create that money out of thin air. The money it hands over to the borrower, is actually money somebody else has put in the b ...
https://rudhar.com/economi/monydebt/en/001creat.htm - [detail] - [similar]
On-lending centrally created money 4472
On-lending centrally created money 8 and 10 June 2015 Introduction This is the elaboration of what I already summarised here . Quotes from what Positive Money wrote This is from page 17 of The Positive Money Proposal : “ In short, neither profit-seeking bankers nor vote-seeking politicia ...
https://rudhar.com/economi/monydebt/en/21503P02.htm - [detail] - [similar]
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