This episode describes and tells a lot about the current monetary system. The features of current monetary system are mentioned. It is explained how the current monetary system works. The role of commercial banks in money creation is explained. The notion of fractional reserve banking is mentioned but also the notion of full reserve banking. And the other alternative of no reserve banking. I mention my definition of governmental banking system and governmental financing system. These notions will get more detailed explanations in further episodes of this podcast.
Over The Excellent Monetary System (EMS)
The Excellent Monetary System was created by Wilfred Berendsen around 2010. In 2011 he published a book on amazon kindle that mentions it. This book has the title "Oppressed by money and our insane financial system- A WAKE UP call for citizens, organizations,governments and society at large". Then in 2016, the book "De monetaire revolutie- het excellente monetaire systeem" was published. This book can be found and downloaded on the website www.excellentmonetarysystem.com