Not come across the smoking
Not come across the smoking gun article but i am sure when you read between the lines of this one what is currently taking place in China's banking system knocks holes in Positive Money and Ellen Brown arguments . Once again it is the central bank that is creating the money and the credit as the private banks struggle to maintain their deposit/lending ratios mostly inter-bank borrowing rather than acquiring individual deposits and subsequent profits from them. http://www.ft.com/intl/cms/s/0/4d8d97b4-6ac0-11e3-b47d-00144feabdc0.html#axzz2oZvlWyQD