A picture can tell a story.
December 2025 › Forums › General discussion › 100% reserve banking › A picture can tell a story.
November 11, 2011 at 3:11 pm
#86730
Keymaster
A picture can tell a story. How banks work http://geographyfieldwork.com/HowBanksWork.htm “I think that people have learned that money is not made in banks. It is made by real people working hard at real jobs. Actually, deep down we knew that all along. We just have to learn it again.” Asbjorn Jonsson, an Icelandic fisherman, in a week when Iceland was effectively a bankrupt state. Its banks owed the world an astonishing £35billion – 12 times the size of Iceland’s gross domestic product and £116,000 for every man, woman and child.
