that's what the textbooks say this is how it works a customer wants to take out a loan for ten thousand during his the bank has to deposit between one and three percent so at least one hundred year ends with the central bank that said in return the bank is allowed to transfer ten thousand euros to the customers account at the push of a button and the bank generates ten thousand euros of any tronic money from one hundred euro's and in return it connects the interest this creation of deposit money is a license to make money. bangs not to split the banks are happy of course that they can do this because that gives them a free reign they get to keep the profits the scene your age that's a few billion every year who want to miss out on that definitely not them. gobs of private banks basically create new money as they wish not used to be the privilege of the millions of princes and governments. it's