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    Banks lend money they don’t have?

    Scott Bartle – May 31, 2013

    The IMF, Bank of England, Federal Reserve Bank of New York, Dallas & Chicago publications show money is created when loans are made… not before loans are made… Original Issue Discounts result from the depositing of YOUR Promissory Note..? Banks, as an Accommodation Party, withdraw that currency from the central banks and “LOAN” it to you..?

    See also and follow a case where such evidence has been asked of the bank.

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