Positive Money has released a new video which explains exactly how banks create money out of nothing. - See eepurl.com/tbqZX
"Do you want to really understand how banks can create money out of nothing? While it may seem like a complicated subject - it's not that difficult. In this new video you can learn how commercial banks can create money through the accounting process they use when they make loans, how banks make payments between each other using specially created central bank money, if the Bank of England really can control how much money is in the economy ...and more."