[W]hen a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. This money is not taken from anyone else’s deposit; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.” Robert B. Anderson, quoted in U.S. News & World Report, “How Much Will Your Dollar Buy – Interview with Secretary of the Treasury Robert B. Anderson,” August 31, 1959, pp. 68–69.

I guess the Sec. Treasury was wrong.

It’s new money, created by the bank for the use of the borrower.”


I know it doesn't jibe with what a Reasonable Mind would believe. That's why I'm so adamant about people reading Creature from Jekyll Island.
All of it gets explained.

You might be able to find a video by G. Edward Griffin about what he calls
The Mandrake Mechanism

Yes, banks have reserves, what% of deposits is required, IDK,  it's not above 10,

How the system Really Works, were it actually understood by the masses would surely end in outright rebellion.
The people have no idea how they are being bled dry.
That's WHY Ford said what he said..

Bank run....