Criticism of Banks and Fiat Money by G. Edward Griffin

„And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money.“

G. Edward GriffinG. Edward Griffin criticizes how banks generate steady income through fiat money without lending their own capital.
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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.

The author criticizes the role of banks in money creation and their sources of income.


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G. Edward Griffin|business, criticism, fiat money, monetary system, money

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.

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