Debt

Home » The Issues » Debt
Most of money in the UK is created by banks when they make loans. The only way to get extra money into the economy is to borrow it from banks, leaving us all trapped under a mountain of personal debt and mortgages.

The Problem

1. Banks create new money when people go into debt

When you take out a loan, new money is created. As people borrow more, more new money comes into the economy. All the extra spending this newly created money funds gives people the impression the economy is doing well, which encourages them to borrow even more. As the debt goes up, so does the amount of money.

2. For every pound of money, there’s a pound of debt

Because banks create money when people borrow, for every pound of money in the economy there will be a pound of debt. If there’s £100 in your bank account, someone else must be £100 in debt. Across the whole economy there will be as much debt as money.1

3. If we want more money in the economy, we have to go further into debt

If we need to get more money into the economy – for example, during a recession – then we have to go further into debt to the banks. This is why the government is desperate to get banks lending again: if banks start lending more, they’ll create more new money in the process, and the people who borrowed will spend this new money.

But if the financial crisis was caused by people having too much debt, how can the solution be for people to take on more debt?

4. If we try to pay off debt, then money disappears

When you pay down your debts, the money that leaves your bank account doesn’t go to anyone else – it just disappears. This is because loan repayments are just the opposite process to money creation: banks create money when they make new loans, and effectively ‘destroy’ money when they repay loans.

So when lots of people try to pay down their debts at the same time, money disappears from the economy. As a result of there being less money and less new lending spending slows down. When this happens, it’s like draining the oil from the engine of a car: pretty soon, everything stops working.

This means that it’s almost impossible to reduce our debts without causing a recession. And you personally can only pay off your debts using money that was created when someone else went into debt. This creates a debt trap, where over time the level of personal debt in the economy has to keep growing.

Sign the petition!

Tell the future Prime Minister of the UK that money creation should only be used in the public interest.

Please check your email is valid.

Please wait a few seconds while we take you to the next step…

We send news updates and videos fortnightly and keep your data private. Unsubscribe with single click.

  • mitaky

    It is my understanding that money is created as debt by fractional reserve banking where 97% of new money or credit is generated as loan by privatised commercial banking against 3% gold reserve in central bank, IMF, or World Bank. Also when the principal is created the interest is not! This creates artificial scarcity perpetually amid affluence. The interest can exceed actual principal by 150-250% as in 30 year mortgage (means death certificate). This is how wage slavery is created in democratic nations via private corporations tied to big banks. These entitities benefit from big loans and harmful speculative investments (into arms and ammunition, pesticide, tobacco, alchohol, soft drinks, toxic drugs, consumer goods, media, PR, advertisement and entertainment markets). This viscious cycle of greed, war and ignorance can only be broken through developing right understanding of currency.

    http://conscious-capitalism.blogspot.c

  • Vitor Fernandez

    The big question is this: can the government create money without increasing inflation? Are the politics serious persons to be entrusted with money creation?

    • Simon Thorpe

      Well, one thing that could be done with central bank created debt free money with no risk of inflation would be to use the money to pay off debts to the banking sector. For example, the UK government currently owes £1.36 trillion. Any of that money owed to banks could be paid off without increasing the money supply at all, because the banks would just have to cancel out the debt. Apart from anything else, this could save UK taxpayers at least part of the £46 billion in interest charges they paid on government debt in 2012.

    • Mike Dimmick

      Inflation is the devaluation of money, with respect to what you can buy with it. If it does indeed follow the theories of supply and demand, then the way to avoid inflation is to ensure that the supply of money is just sufficient to match the demand for spending money. But as this article notes, just as banks create money by creating loans, money is destroyed when debts are repaid. Similarly, if money is created by government spending, money is destroyed by tax collection. The key is the NET amount of money in the economy.
      I would rather trust politicians, who can at least be kicked out of office (although possibly replaced by another face effectively from the same governing class), than banks who seem to be completely out of control.

    • PFReilly

      If the money created exceeds the value of wealth created at
      current prices, then inflation could occur whether the money is created by the banks or the government.
      If the money is created by the government , debt free and interest free, to finance public investment (e.g. infrastructure, housing, green energy) it will not cause inflation.
      If money is created by the banks and it is used for speculative loans, then inflation will occur.
      If the banks create money and loan it to the government at interest,
      more money would have to e created to pay the interest. As this money is not matched by an increase in real wealth (goods and services) this will cause inflation.

  • http://www.facebook.com/virginiahammon Virginia Hammon

    I’m hoping you or someone on the blog can help with a US question.
    I’ve taken 2 spreadsheets from the FED: Money_Stock M3-(available from
    1958-2006, when it was discontinued) and compared the numbers from the
    FED’s “Total outstanding debt by sector,”(which includes a breakdown
    into financial and nonfinancial sectors).

    For the years available for M3, the ratio of debt to M3 ranges from 24.3% to
    46.4%, with an average of 36%. What does this mean? How can there be
    roughly 3 times as much debt as money, if money is created by debt?

    I’m working on some teaching materials, so clarity would be enormously helpful. Thanks.

    • http://www.facebook.com/virginiahammon Virginia Hammon

      Is it possible that the difference is the money lent/created for the derivatives market?

      The US derivatives market risk exposure is $.569 Trillion, and notional value $222 Trillion….(OCC, 2nd Q 2012)….(Curiously, with global estimates of a $1,300 Trillion derivatives marketplace, that must mean you British are doing a bang up job creating play money!….and, I’m going to ignore the Value at Risk measure, because it seems to be BS…pretending that risk nets out, when that’s just not what’s likely to happen..)

      So, $222 Trillion in US derivative notional value….how much was borrowed/created to bring those derivatives into being? Is that a reasonable question?

      Last measured in 2006, US M3 was $10.2 Trillion to outstanding debt of $42.2T (24.3%). 2012 outstanding debt was $56.3 Trillion…at same ratio, say 25%, that would mean M3 would be about $14T, with a difference of $42.2 Trillion.

      Is it possible/probable that at least $42 Trillion was created by debt and put on the balance sheet of Big US banks to make the creation of $222 Trillion in derivatives possible —roughly 20% created for gambling/speculative purposes?…and it is all off balance sheet, so it does not appear in the FED calculations of financial market’s outstanding debt?

      • Andrew Chalkley

        Money is created as debt under the private corporate banking system.

        For easy maths let’s assume interest at 10%.

        So $1000 of money is created by $1000 debt.

        After one year, there is still $1000 of money but there is $1100 debt.

        After two years, there is still $1000 of money but there is $1210 debt.

        Ho hum and we didn’t notice.

        National Debt arrived with Central Banks.

        If the entity that collects the taxes is different to the entity issuing the money, an imbalance will occur. That imbalance is called National Debt. National Debt cannot exist without private banks. International Debt arrived with international banks. International Debt would not exist if we had direct barter trade between nations. However it is not recommended as you will go the way of Sadam and Hitler and Ghadafi, if you try.

    • http://www.facebook.com/virginiahammon Virginia Hammon

      Is it possible the difference is because the debt is counted multiple times?….the financial sector borrows and it’s counted on their tab….then they loan it to consumers and it’s counted on their tab? If so, then, is it accurate to say that the money supply carries an interest burden of triple the average interest rates? What data did you use to figure out how much it costs in interest to have a money system that creates money via interest bearing debt?

    • Kyle

      Maybe compare private debt outstanding to bank deposit liabilities? M3 also includes M0 (base money) which has skyrocketed due to QE, yet M0 does not come into existence via private debt.

    • Kyle

      Hi, Virginia. Private debt, as referenced by PM and also Steve Keen, for the US comes from the Flow of Funds table L.1.
      See here: http://www.federalreserve.gov/apps/fof/DisplayTable.aspx?t=l.1

  • PFReilly

    The Bank of England was set up in 1694 to provide a loan money to the government. It was allowed to print £1.2 million paper money, not backed by gold, which it lent to the government at 8% plus £4000 administration fee.

    This is what founder, William Paterson, boasted: “The bank hath benefit of interest on all moneys which it creates out of nothing”.
    This is the crux of the problem. Money is created out of thin air, then lent to the government at interest.

  • PFReilly

    More revealing quotes from the bankers:

    “I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain’s money supply controls the British Empire and I control the British money supply.” – Nathan Rothschild

    ………………………………….

    “Let me issue and control a nation’s money and I care not who writes the laws.”
    Mayer Amschel Rothschild, 1790.
    (Pronounced in his private central bank in Frankfurt, before The First Bank of the United States (a private bank) was founded in 1790).

  • SarahHague

    Have you seen the new law passed on Aug 1 about the EU bail-in where bank customers are no longer customers but creditors and will be liable for bank debt.

    http://hat4uk.wordpress.com/2013/08/09/global-looting-the-new-eu-bailin-law-was-passed-8-days-ago-did-you-notice/

  • Michael Sommers

    Two quick questions. I am currently an expat living in Australia and would like to know if Australia uses this same fractional reserve banking system, used by the rest of the world?

    And what if any differences are there between the UK and Australian monitory process? I’m just curious as to how, if Australia does use the FRB system, everyone is saying Australia came out of the GFC reasonably unscathed.

    Also will there be a Positive Money Australia starting up anytime soon?

    • DB

      It does. I don’t know what the reserve percentage is, but it does. Every advanced economy uses fractional reserve banking, because fundamentally it is an entirely sensible system of letting those with excess money lend it to those who need it. This whole positive money idea is basically medieval in that it will make credit more expensive. The whole debt free money idea is largely smoke and mirrors.

      • PJM

        DB — you’ve just demonstrated that when it comes to understanding how banking works, you’re an absolute ignoramus! I suggest that you read, on this website, a synopsis of the book “Modernising Money”.

        • Michael Sommers

          DB/PJM – Thanks for both your replies. However DB, there is far to much factual information for me to just dismiss as smoke and mirrors.
          PJM, not sure if you are a part of Positive Money, but I’d appreciate an answer from someone involved with this site. Thanks

    • richard322

      There are (hardly) any banks that use full reserve banking. They are all fractional reserve. Also “sustainable banks” like Triodos Bank.

      • Eli Gabay

        EuroPacBank was set up by Peter Schiff in response to the crisis to have a bank that doesn’t use Fractional Reserve Banking. They make no loans at all.

        • graphite

          Also the Swedish JAK bank operates on a full reserve, zero interest basis. It offers loans at zero percent, but requires you as a lender to save into your account after the loan is paid off, to provide a pool of capital for future borrowers. Mainstream banksters will tell you that this is a tragic flaw in the JAK model, because you cannot be more aggresively investing your money while you are ‘after saving’ with JAK. But this ignores that (1) you saved on the interest payments on your original loan, probably to the tune of far more than you’d earn investing elsewhere, (2) you get back your after savings at the end of the contracted loan period (you don’t get that with interest) and (3) most money invested in standard Australian savings accounts earns a fraction of 1% interest. No great loss, really.

      • Suma

        I think that fractional reserve banking is almost irrelevant. Like limit of amount of loans to grant, and per extension create money, is more relevant the thecnical reserve of each bank have in your balance sheet to stay “solvent”. Moreover, the perception of the creditworthiness of credit applicants also acts to limit ‘ lending / money creation ‘ . Remember that at this moment the ECB is conducting a strong analysis of banks. It aims, i think, above all to calm people insecurity regarding bank deposits (Cyprus did much damage ) .

        The legal reserve requirements set by the ECB is currently at 1%. This limit is not operating to limit lending, not reached. The reciprocal of the reserve requirement, called the money multiplier, dont limit actually the size to which the money supply may grow for a given level of reserves in the banking system

        Anyway the banks creat money of nothing, because they can lend more money than they have in your customers deposits, simply taping in the keyboard.

        Excuse my english.

    • Veri Tas

      In Australia while there are no reserve requirements, there are a variety of requirements to ensure the banks have a stabilising ratio of liquid assets, such as deposits held with local banks.(WikiPedia)

      The Australian Prime Minister announced on October 12, 2008 that, in response to the Economic crisis of 2008, 100% of all deposits would be protected over the subsequent three-year period. This was subsequently reduced to a maximum of $1 million per customer per institution. This measure comes on top of existing mandates of APRA and ASIC to monitor Australian banks and deposit taking authorities to ensure that their risks do not compromise the safety of depositors funds. On 11 September 2011, it was announced that the guarantee would fall to $250,000, effective 1 February 2012.[47] (Wikipedia)

      Do you wonder why the depositors’ guarantee has been reduced to $ 250,000???

      The International Monetary Fund has just warned (Oct 2013)
      that advanced economies with a high national debt level, which fail to aggressively “mobilize domestic revenue,” require drastic measures, such as hikes in income and consumption taxes plus a direct confiscation of assets (“capital levy”), in order to – wait for it – “restore debt sustainability.”

      You thought the 2008 GFC was bad…. The proverbial x hasn’t even hit the fan yet!

  • renzocarioca
  • mat

    The one thing I object to in that statement is that when debt is paid off the money isn’t destroyed, it doesn’t just disappear, it goes bank onto the banks balance sheet digitally or bank into it’s vault physically…
    correct me if I am wrong please…

    • richard322

      It’s true; just like lending creates new bookkeeping entries, bookkeeping entries are also removed when loans are repayed. Whether you object or not. ;-)

    • lyserg

      when a loan is paid off:
      - the bank balance sheet remains (though real money replaces debt).
      - Out of this bank, some real money no longer exists. !!

  • Talamos

    Interesting law about bank bail-ins. It will hopefully make people
    more aware of the risk they face when putting money in a private bank. Hopefully it will lead to some bank bankruptcies in the future.

    As
    we have seen in Iceland, can the bankruptcy of banks free many skilled
    workers, which are forced to find another job, which is most likely more
    useful…

    Also it can motivate people in the future to demand a safe account for their savings, e.g. an account at the national bank.

  • Alejandro

    Totally agree with what the video states, loanings, morgages, etc should be received from the goverment and the benefits reinvested in the country, this would finished with the crisis, however, at least in spain, the meaning of nationalise a bank is to give it public money and receive nothing…

  • Danny

    Illuminati is behind it all.

  • Kaspar

    Is it just me, or aren’t there any references or further reading suggestions for any of the 8 issues that are described (If I click on the buttons nothing happens)? I would very much like to have some, so that’s why I’m asking…

    • Mira Tekelova

      Hi,

      It works fine here. Which browser are you using?

  • Jitesh

    am not quite sure about how credit is created out of nothing for something like mortgages. For example, i want to buy a house from “A” for $1M. For the same, I approach my local bank for a loan. “A” will transfer the title of the house only on receipt of the $1M. In this case, the money will come from the bank, isn’t it? actual money which needs to be paid to “A”. So, how is it just created out of nothing…? unless, it is created out of nothing for local bank to lend to me (by the central bank), is it so ?

    • Eli Gabay

      The answer to your question is that the bank is not lending you $1M that it possesses or that savers invested with it. This $1M is created by typing the numbers into the computer and transferring those numbers to your account – which you then transfer to the seller of the house.

    • Benj Clarke

      I see your question; I wondered the same thing. Finally realized that “A” will most likely deposit his $1mil check, and the banks simply reconcile the numbers. If “A” were to cash the check, then the banking system would have to cough up the funds in actual cash money (and they must retain this ability by holding funds; indeed i’ts the only way to maintain their scam). But if “A” simply makes his deposit, the banks simply agree about the movement of numbers, and credit each other appropriately.

  • Eli Gabay

    The above article is quite ignorant of common-sense Economics (often called “The Austrian School”).

    Point 3 says – “If we need to get more money into the economy…” – We NEVER need to get more money into the economy – the whole reason why Gold-Backed money worked for thousands of years is because we never had the ability to create money.

    Then it says “the people who borrowed will spend this new money” – as if spending money creates growth and jobs. NO WAY! Saving is what provides funds for investment to create growth and jobs. Consumption/Spending (especially when financed by debt) prevents an economy from growing.

    • Nick Egnatz

      Hi again Eli,
      “Saving is what provides funds for investment to create growth and jobs.”
      Well yes this is what we have all been led to believe is the case, but it simply is not true.
      In the U.S. the private bank that makes a loan does not use depositors savings to make the loan. It makes the loan first and simultaneously creates a deposit of equal amount to balance the books. As the loan is repaid the deposit is extinguished and the money vanishes. The interest that the bank charges is not created and this is why there is never enough money in the system to pay off the debt and interest.
      Since our Federal Reserve System is patterned after your Bank of England, I am quite sure it works the same on your side of the pond.
      But really, forget all this information and logical arguments. Why do you think literally every country in the world is on a path to bankruptcy. Why is each U.S. citizen now responsible on average for more than $100,000 in debt (roughly half government and half individual)? Do you really think it is because we are what? Lazy and don’t want to work? Or is it just possible because the system of debt money creation by private banking corporations is designed to make debt slaves of us all?
      I’m assuming that you are doing well financially and I am happy for you. But do you want to live in a country, world were the vast majority of your brothers and sisters are debt slaves to a banking class that never had to work a day in their lives?

  • Eli Gabay

    Ignorance is shown again in Point 4:
    “When money disappears from an economy….everything stops working.”
    –If all the debt was repaid we wouldn’t suddenly have no money left. The money left would be what represented the real value of goods and services in the economy.

    Granted there would be a recession if this happened quickly, but that recession is part of the cure for the cancer of the debt. Recessions are times when economies reorganise and clean up the mess left during the debt-fueled booms.

    • Nick Egnatz

      “–If all the debt was repaid we wouldn’t suddenly have no money left.
      The money left would be what represented the real value of goods and
      services in the economy.”

      This explanation of what happens when a country stops allowing the creation of money as debt (a good thing), but neglects to create debt-free ‘money as law’ spent into circulation.

      In the 1830s Presidents Andrew Jackson and Martin Van Buren defeated the private Second Bank of the U.S.in a monumental struggle, ending the corrupt bank’s creation of debt money. This was a good thing, but because they both had an incomplete understanding of the nature of money, they
      neglected to create and spend into existence the money by law that was necessary for the economic lifeblood ofour country. As a result of the lack of money, the country was plunged into the terrible Panic of 1837-43. Those individuals that think a return to the gold standard of money as a commodity would solve our problems, need to study the results of Jackson and Van Buren’s efforts doing exactly this.
      http://www.intrepidreport.com/archives/11626

      So if all the debt was repaid, our societies would be left with a handful of coins and paper money representing less than 3% of today’s total money supply. How much would you crop of wheat be worth in this scenario?

  • Eli Gabay

    Point 4 again:

    “you personally can only pay off your debts using money that was created when someone else went into debt”

    Have you never heard of the concept of “EARNING MONEY” by creating something of value to the economy? Can’t I pay off my debts with money I EARNED?

    Let’s say I grew some wheat in my field, and the bank owner would accept wheat as payment instead of money. Aren’t I paying the bank in a way not linked to debt? And doesn’t money represent the value of things like wheat that are real items that exist in an economy?

    • Nick Egnatz

      Eli no one is saying that you or anyone else doesn’t earn money. What is being said is that the money you earn was created by a bank making a loan to someone, thus putting that person into debt.
      I live in the U.S. our banking corporations do not accept wheat as a payment for anything, do yours? What a bank officer will be delighted to do with your wheat crop is make you a loan on it until it is harvested or you can sell it to someone else.
      With our present monetary system of “debt money created by private banking corporations”, both in the U.S. and U.K. what does money represent other than debt?

      • Apollocreed

        So that’s the only way central banks put money into an economy? By loans? (sorry for the late reply)

  • Thetaxpayer

    Could Positivemoney please change focus from just looking at the UK to looking at the Euro zone as a whole? I assume the problems are exactly the same, just change the Money to Euro.

  • Graham

    To put the UK right will bring every bank in every country in all the world against us. 85 people own as much as three and a half billion people, and they aren’t going to give that up without a fight to the death. Watch the money masters on YouTube to see how they have been robbing us over the passed hundred or so years.

  • Leah H

    Have never heard of one bank destroying money repaid to them, not even the principal amount that was created out of thin air to make a loan. Fractional lending is how the banking sector got to grow so huge and powerful. They keep most of their past and present profits and funds offshore, and not necessarily as numbers on ledgers. It is and never was necessary to bail out banks, they are not in debt, they own the debt. Growing population necessitates an increasing amount of money in circulation, Fractional Banking was the best idea they could come up with, and at the same time They would end up owning all the debt as all money and assets eventually exist as debt.

  • johndinfidel

    The problem is well illustrated here, but I am unsettled by the proposed solution. I don’t like the idea of our monetary system totally controlled by government. You see, government derives its power not from the consent of the people but from the business end of a gun. Fiat money is backed by lead. So, in effect the money would be backed-up by lead. This is the case today but the government controls money by proxy through central banks.
    I think our way out is through cryptocurrency which is best represented by Bitcoin, which started it. Cryptocurrency depends on the code and the beauty of it is it is open source so no one entity “owns” it. The state is all but removed from the equation and so too are its bullets. Being an open source code it is open to improvements, and yes open to abuse. So too our current monetary system is open to abuse and I pronounce here that it is slow to correcting any abuse. With cryptocurrencies open source code correction will come quick because the stakeholders will be free to make correction on their own.
    The free market is dynamic, a committee of haughty friends of successful politicians is not.

    • http://goodworld.lightnet.co.uk/ Janos Abel

      The actual problem is that the nation has *no money system* barring the stock of currency (i.e. cash—notes and coins). So stop calling “money” the debt (lyingly called credit) issued by banks.

      The critique in your comment seems to be used to introduce a particular pet solution. Would a state issued debt-free money stock be more harmful than the debt-money stock manufactured by the profit-seeking banking system?

      The government at least *claims* to be serving the people; and claims to be under democratic control. In principle, a government can be shown not to serve the people when they abuse the power bestowed on it by the electorate.

      Join the British Constitution Group in their demand for the institution of a
      “Bradbury Pound” type monetary system—State created national
      currency.

  • Peretz

    “This means that it’s almost impossible to reduce our debts without causing a recession. And you personally can only pay off your debts using money that was created when someone else went into debt.”

    That means that you don’t know there is a big différence beetwen public or particular debt. Unhappily only banks have the right to create money for both. That is the point.

  • John

    HELP. A question. If banks can create deposits out of thin are (by agreeing a loan) why do they need wholesale funding. Surely Northern Rock could have continued to create deposits rather than relying on the fickle wholesale market. I know I’m getting confused but someone will spot my obvious error – I hope.

  • http://www.mohammedloanserviceplc.com mohammed

    Do you need a Loan?
    Are you looking for Finance?
    Are you looking for a Loan to enlarge your business?
    I think you have come to the right place.
    We offer Loans atlow interest rate.
    Interested people should please contact us on
    For immediate response to your application, Kindly
    reply to this emails below only.
    mohamendloanservice@gmail.com

    Please, do provide us with the Following information if interested.
    1) Full Name:………
    2) Gender:………
    3) Loan Amount Needed:………
    4) Loan Duration:………
    5) Country:………
    6) Home Address:………
    7) Mobile Number:………
    8)Monthly Income:…………………
    9)Occupation:………………………
    )Which site did you here about us…………………
    Thanks and Best Regards.
    mohamendloanservice@gmail.com

    http://www.mohammedloanserviceplc.com

  • Shovo Shake

    Money
    Making Made Easy

    Make Your First $20 Online In The
    Next 24hrs Without Spending Any Money To Get Started.

    Go To:>> https://www.rebelmouse.com/MoneyMakingMadeEasy/

  • lex

    LOAN OFFER
    Please visit our list of products and services available bellow and feel free to contact us, should you have any questions or concerns or should you wish to place your order online or via phone. Our team is available 24 hours a day, 7 days a week.Here at Benz financial loan service we can offer you complete solutions to better the performance and success of your business eg us via email (mrjohnwilliams537@gmail.com)
    School loan:

    APPLICATION FORM
    PREFIX {MR.,MRS.,MS.,DR.,etc.}
    1)YOUR NAME………………….
    2)YOUR COUNTRY……………….
    3)YOUR OCCUPATION…………….
    4)YOUR MARITAL STATUS…………
    5)PHONE NUMBER……………….
    6)MONTHLY INCOME……………..
    7)ADDRESS……………………
    8)PURPOSE OF LOAN…………….
    9)LOAN REQUEST……………….
    10)TELEPHONE…………………
    us via email (mrjohnwilliams537@gmail.com)

  • islamic loan foundation

    Are you financially Squeezed?
    Do you seek funds to pay off credits and debts
    Do you seek finance to set up your own business?
    Are you in need of private Use
    business loans for various purposes?
    Do you seek loans to carry out large projects/Real Estate
    Do you seek funding for various other processes?

    LOAN APPLICATION FORM.,,,,,
    (1)Full Name:
    (2)Country:
    (3)State:
    (4)Address:
    (5)Sex:
    (6)Occupation:
    (7)Amount needed:
    (8)Loan duration:
    (9)Loan purpose:
    (10)Telephone

    Send to the via email:majidvijahlending@gmail.com

  • zaff1

    0:48 ‘But this isn’t some crime of the century. It’s just the way banks work.’ Completely disagree! It is the greatest crime in the history of mankind! To create ‘money’ by typing numbers into a keyboard and then ‘lending’ it out at interest is complete and utter fraud. It is not a loan but is presented as such. Banks are completely and utterly guilty of misrepresenation by non-disclosure (of the fact that they do not lend money) and further deception by generation of the misperception that they actually do lend ‘money’ by using the term ‘loan’. They do not provide any loans at all. They take no risk in these transaction nor is there fair exchange of value. Banks have placed themselves in a no-lose situation. They are guilty of unjust enrichment. Please edit this video accordingly. Thanks!

  • Mega Capital Loan

    Do you Need Personal Loan?
    Do you Need Business Loan?
    Are you in need of a loan?
    Do you want to pay off your bills?
    Do you want to be financially stable?
    email:(majidvijahlending@gmail.com)

    Our Loan Services Include:

    1)Personal Loan
    2)Business Loan
    3)Secured Loan
    4)Unsecured loan
    5)Consolidation Loan
    6)Mortgage Loan
    7)Payday off loan?
    8)Student Loans
    9)Commercial Loan
    10)Car Loan
    11)Investments Loans.
    12)Development Loans.
    13)Acquisition Loans .
    14)Construction loans.

    email:(majidvijahlending@gmail.com)

  • Mega Capital Loan

    Do you Need Personal Loan?
    Do you Need Business Loan?
    Are you in need of a loan?
    Do you want to pay off your bills?
    Do you want to be financially stable?
    email:(majidvijahlending@gmail.com)

    Our Loan Services Include:

    1)Personal Loan
    2)Business Loan
    3)Secured Loan
    4)Unsecured loan
    5)Consolidation Loan
    6)Mortgage Loan
    7)Payday off loan?
    8)Student Loans
    9)Commercial Loan
    10)Car Loan
    11)Investments Loans.
    12)Development Loans.
    13)Acquisition Loans .
    14)Construction loans.

    email:(majidvijahlending@gmail.com)

  • tommanme

    Hello,

    To properly introduce myself, I am Mr moanmend, LULI a private lender i

    give out loan at 3% interest rate. This is a financial opportunity at

    your door step, apply today and get your fast loan. There are many out

    there looking for financial opportunity or assistance all over

    the places and still yet they are unable to get one. But this is a

    financial opportunity at your door step and as such you can’t afford

    to miss this opportunity. This service is render to both

    individuals,companies,business men and women. The loan amount

    available ranges from any amount of your choice For more information

    contact us via email: [moanmendfund@gmail.com]

    LOAN APPLICATION FORM FILL AND RETURN.

    Full Name:,,,,,,,,,,,,,,,,,,,,

    Personal Phone Number:,,,,,,,,,,,,,,,

    Country:,,,,,,,,,,,,,,,,,

    Address:,,,,,,,,,,,,,,

    State:,,,,,,,,,,,,,,,,,

    Age:,,,,,,,,,,,,,

    Have you applied before?:,,,,,,,,,,,

    Marital Status:,,,,,,,,,,,,,,,,,,,,,

    Loan amount needed as loan:,,,,,,,,,,,,,,,,

    Loan Duration:,,,,,,,,,,,,,,,,,,,,,,,

    Occupation:,,,,,,,,,,,,,,,,,,,

    Monthly Income:,,,,,,,,,,,,,,

Support Us

Support Positive Money through your small business, or as an individual.
Sponsor: rebuildingsociety.com is p2p lending platform who help redress money supply by allowing business loans from private investors. See a demo of peer to peer lending.
Site designed by Luuk de Waal Malefijt.

International

Local groups

  • London
  • Cambridge
  • Manchester
  • Sheffield
  • Leeds
  • Newcastle
  • Aberdeen
  • Edinburgh
  • Belfast
  • Bristol
  • Cardiff
  • Brighton
  • Birmingham
  • Leicester
  • Gloucester
  • Oxford
  • Devon
  • 12 others...
×
back to top