How Money Works

Do banks really create money? Yes! But we know it’s hard to believe. After all, the police spend time and energy hunting down any criminal gang that starts printing their own £10 notes. But when it comes to digital money – the numbers in your bank account – the same rules don’t apply.

Don’t take our word for it:

 

 

“When banks extend loans to their customers, they create money by crediting their customers’ accounts.”

Sir Mervyn King, Speech to the South Wales Chamber of Commerce at The Millenium Centre, Cardiff on 23rd October 2012

Example of a list:

  • Design and customise theme CSS, HTML and WordPress navigational structure
  • Design suite of icons, illustrations, and graphics for all elements of site
  • Design navigation, altering template as necessary
  • Customise colours, styles, and images
  • Support up to site launch for extra design, illustration and graphics, infographics etc.

Further evidence

In other words, when banks make loans, they create brand new money (in the form of the numbers in our bank accounts). The chairman of the Financial Services Authority, Lord Adair Turner has described this system as being at the root of the financial crisis:

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Module Positions
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Module Layouts
Colum Layouts
Column Layouts

Special Features

Custom Widgetkit Styles

We created some custom styles for our Widgetkit Slideshow and Widgetkit Spotlight, perfectly fitting the theme. To apply the Slideshow style, follow these steps:

Slideshow

  1. Download and unzip the bonus styles package for Widgetkit available in the download area
  2. Copy the folder slideshow/styles/pace_tabs
  3. Joomla: Paste it to media/widgetkit/widgets/slideshow/styles

    WordPress: Paste it to wp-content/plugins/widgetkit/widgets/slideshow/styles

  4. Now you can select the style “Pace Tabs” in the settings of your Widgetkit Slideshow

Social Icons

As a little extra, Pace Theme offers a set of social icons. They are easy to add to your content and are part of our editable Adobe Fireworks Image Source files.

Here is a little code example of how to add them:

<ul class="social-icons">
  <li class="facebook"><a href="#"></a></li>
  <li class="twitter"><a href="#"></a></li>
  <li class="rss"><a href="#"></a></li>
  <li class="googleplus"><a href="#"></a></li>
</ul>

Possible class names are facebook, twitter, rss and dribbble.

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Proudly supported by rebuildingsociety.com, a peer to peer lending network that connects local business borrowers with many lenders looking for a better return on saving than what the banks offer.

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