Banks actually create money when they lend it. Here's how it works: Most of a bank's loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank...holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times.

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Banks actually create money when they lend it. Here's how it works: Most of a bank's loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank...holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times.

Authors Bio:
Born a month before Pearl Harbor, I attended world events from an early age. My first words included Mussolini, Patton, Sahara and Patton. At age three I was a regular listener to Lowell Thomas.
My mom was an industrial nurse a member of the AFL/CIO. My dad was a painting contractor. We shopped at the Working Man's Store.
Dad's reading matter was the Old Mole the house organ of the Socialist Workers Party. I played the saxophone and became a young fan of Charlie Parker, Lester Young and Duke Ellington. Naturally, I gravitated to the Civil Rights movement.
After college to avoid the draft, I joined the US Army Reserve. Alas, this came to crowd control, which was a euphemism for busting radical potheads. When I ducked out of this duty, my commander bundled me off to a unit doomed to go to Vietnam. Ironically, my old unit went to Vietnam and the new one stayed home.
I studied economics in graduate school where I watched America go mad with war. Afterwards, I joined the rat race for a decade.
When Ronnie Reagan became President, I took up residence in Israel.
The 11 books listed below describe my adventures in Israel.
The articles reflect additional thoughts that expand on the author's ten volumes Genesis Begins the Millennia. The work begins in 1995 with a fictional account of ordinary Israelis absorbed with everyday events. There are extraordinary happenings the characters gradually recognize as portents of the Messianic Age. Volumes four and five show why the Messiah decided to delay His arrival.
Volumes six through ten [Tradebombers] begin six weeks before the 9/11 World Trade Center tragedy. Again, the characters portray ordinary citizen reaction to extraordinary events.