Tze Ru’s Reviews > Where Does Money Come From? > Status Update
Tze Ru
is 39% done
Thus bond purchase operations by central banks, including what is styled as QE, do not create new credit or deposits (purchasing power) directly in the hands of households, businesses or the Government.
— Jun 11, 2020 09:52AM
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Tze Ru’s Previous Updates
Tze Ru
is 14% done
Banks do not wait for deposits in order to make loans. Bank deposits are created by banks purely on the basis of their own confidence in the capacity of the borrower to repay the loan.
— May 26, 2020 11:06AM
