Recently, I came across an interesting article, which concerns MONEY that I want to share with you. It started by saying that two great mysteries dominate our lives: love and money. “What is love?” is a question that has been endlessly explored in stories, songs, books and movies.

But the same can NOT be said about the question “What is money?”

It’s not surprising that monetary theory hasn’t inspired any movies yet. But it was not even mentioned at the schools most of us attended. For most of us, the question “Where does money come from?” brings to mind a picture of the mint printing bills and stamping coins.

Money, most of us believe, is created by the government. Most of us believe that banks lend out money that has been entrusted to them by depositors. But this is further from the truth. In fact, banks create the money they loan, not from the bank’s own earnings, not from money deposited, but directly from the borrower’s promise to repay.

Sound far-fetched? Surely that can’t be true, I hear some of you say. But it is. To illustrate this phenomenon and how modern banks came into existence, watch the 5 videos by Paul Grignon

I hope these videos are informative!

Roger