why Do Banks Make So Much Money ![39-financial-crisis-2.jpg](https://steemitimages.com/DQmfKW4XBAx6V41PmDhVUUH5eV7y2sa8hfWrY67earzfze3/39-financial-crisis-2.jpg)

Banks are the most heavily subsidised businesses in the world, specially protected by governments while the money runs out for the rest of us. the largest private banks still thrive, this is because they get the biggest subsidy of them all hard to believe Martin Wolf the chief economics editor of the Financial Times said it the essence of the contemporary monetary systeem is the creation of money out off nothing by private banks often foolish leading You yes thats right private banks create money out of nothing then they loan it and ask for intrest on top

If you ever wondered why the banks buildings around the world soar higher than any palace. You now have the answer for the banks don't simply print money using secrecy printing presses in their basements. they don't have to, like so many other things these days printing money now has gone digital.With the most popular are of debit cards electronic transfers and internet banking. Only 3% of the money in the uk is now made of paper and metal coins. The other 97 % is entirely in computers electronic money.Because it is convenient for everything. Electronic money is convenient for the private banks since they own and control the entire digital money systeem, And what do they do with this special privilege today channel new money To lood the supply of the nation.

https://steemitimages.com/DQmT11QqTyjYEo2wi7SysdmauKBaKzNiACuhRQ9wGRcJyaZ/Monetarism-inflation-and-money-supply.jpg

The things we need like hospitals schools universities and public transports not important if it doesn't make a profit for them.Instead they uses their license to print money to gamble on the financial markets, and push house prices out of reach of ordinary people by pumping hundreds of billions of pounds into risky mortgages. This is exactly how the banks caused the financial crisis and how the rest of us are being asked to pay for it. If we can't afford to run hospitals and build schools can we really afford to subsidise the financial industry, Should we have to live with less so the bankers can have more its insane and its time to stop this. The private banks can't be trusted to hold the reins to our entire economy. we need to take away the banks power to create money out off nothing then we will stop them from causing yet another financial meltdown. and allow us to afford the crucial services that we as a society need.