It might be hard to absorb, but the fact is undeniable. Banks create money out of thin air. When you go to your local branch and apply for a mortgage loan to buy a house or apply for a personal loan to buy a car, you might think that the bank needs to have that money in its vaults to be able to lend it to you. Wrong.
Read more at: The Australian independent Media Network
Political and Social Commentary
The purpose of Think Left is to present a view of politics from a left-wing perspective.
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Australian Politics
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Turning the tables on spin
Political and Social Commentary
The purpose of Think Left is to present a view of politics from a left-wing perspective.
Melbourne . Auckland . Houston . Orlando . Washington DC . New York . Madrid . Malaga . Barcelona . Geneva . Brig . St. Moritz . Paris . Brussels . Berlin . Pragua . Budapest . Zagreb . Ljubljana . Venice . Koto . Corfu . Valletta . Catania . Naples . Rome . Brindisi . Bangkok . Tokyo . Mt. Fuji . Kyoto . Hiroshima . Melbourne
Australian Politics
Geologic and Earthchange News events
President Barack Obama ... photos, videos & a word or two
Turning the tables on spin
THE VIEW FROM MY GARDEN 