Euroslaves - seignorage

Euroslaves - The seigniorage's fraud and the secrets of public debt
video

Making Money
Who benefits from the global system of central banks controlling money supply. Seignorage is the difference between the cost of making (printing and circulating) money and the market price of money. Central banks earn seignorage from the primary supply of money and from secondary supply to replace worn-out or withdrawn money. The cost is about 0.03 on every 100.00. Private banks own and control the central banks. Private banks are owned by private shareholders. Private banks earn seignorage through the fractional lending system. At a 2% fractional reserves requirement level set by central banks, the high street bank actually keeps 2.00 in the vault and lends 98.00 (usually to another bank) of every 100 that you deposit. When you borrow, your 'loan' liability is also a ' virtual deposit' asset of the bank. It can then issue a real 98% loan, with interest, on this virtual deposit.