Banks, Money Creation, and Morality by G. Edward Griffin

„When banks place credits into your account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here not about what is legal, but what is moral.“

G. Edward GriffinG. Edward Griffin questions the moral justification of banks charging interest on money created out of nothing.

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G. Edward Griffin is an American author, speaker, and filmmaker known for his critical works on conspiracy theories and political manipulation.

Griffin criticizes the legitimacy of banking and raises moral questions about money creation and interest charging.

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G. Edward Griffin|business, fiat money, monetary system, money, moral, rights, society

G. Edward Griffin is an American author, documentary filmmaker, and political activist. He is known for his works on controversial political subjects, including criticism of government institutions and exposing conspiracies. His well-known works analyze power structures and the manipulation of the public.