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Professor Richard Werner - BSc (Econ), DPhil (Oxon)

1. Banks Dont Lend Money.

2. Banks Create Money Out of Thin Air.

3. Banks Dont Take Deposits.

4. The Public Loans to The Bank, The Banks Borrow From The Public.

5. What To Do With The Financial Sector?

6. Where Does It Add Value?

7. No Value is Added its Subtracted from Gross Domestic Product.

8. We Pay a High Price For Banks.9. Banks Purchase Securities. Promissory Notes.

10. Banks Invent Ficticious Customer Deposits.

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