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Quotation by Graham F Towers:

Each and every time a bank makes a loan, new bank credit is created -new deposits- brand new money.

Graham F Towers     (more by this author)

Governor, Bank of Canada, 1934-54

Country: Canada

Type: Prose
Context: Website
Context Details: (video) http://patrickhenrypress.info/?q=node/43935

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I am a refugee from United States. I violated a policy, was banished, now censored, without identity or rights or property. I was a parent.
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