As they buy and sell currencies, they will adjust the exchange rate.
List of links to sources

One of the ways that the economy was kept going was by providing cheap credit, providing debt to those very people who couldn't really afford things anymore, so they kept buying and when it collapses, it's those same people that have to pay once again, even though in many ways they were the victims the first time.

List of sources:


Pagination:

1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 7, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40

The system is designed to make certain people very rich at the expense of a nation's citizens and tax payers.

They could use that to go and get the heavy metal coins from the bank. Now over time these paper notes became as good as money.

People would use paper notes instead of getting real money from the bank and obviously as soon as the banks realised that what they were creating had become the dominant type of money in the economy, they realised that by creating more of it they could generate profits.

They can just print up some new notes, lend it and get the interest on top of them. And they did that up until the 1840s.

They don't really deal in the kind of money that we have in our accounts, they deal in this special money that can only be used at the central bank. There are millions of people across the country, all transferring money to each other using only a few major banks.

The value is set by individual banks.

We want to help preference them over big trans-national corporations, because if they've got hold of their money and they can use it with each other, We want to help preference them over big trans-national corporations, because if they've got hold of their money and they can use it with each other, then it doesn't disappear up out of large management structures and go offshore and end up in an account in the Cayman Islands.

A bank run can take three forms. Customers can withdraw their money in cash. However, this will not reduce the digital money supply, it will merely transfer ownership. Or they can shift their money from the large institutions to smaller, more ethical banks, such as credit unions, mutual banks or independent building societies. Our next guest has a New Year's resolution that she says will create a better financial system, and it's this: move your money out of the nation's big banks and into your local community bank.