Thanks to Dorothy for this one.
Listen to Scott Bartle addressing the European Parliament, Strasburg, April 16, 2013 about the flawed fractional reserve banking system that we presently have. Banks lend money they don’t have. Banks openly in documentation state that they “create money” from the “borrower’s” IOU. He states how, back in the USA in the 1850’s this action was a capital offense punishable by hanging. The IMF paper quoted in the short 5 minute video states that the banks “create money”. However, the US Constitution states that only Congress can create money.
There’s a wise old saying “When all else fails, read directions”.