We invented money and can create more at will

Greece has a dilemma as to how it will pay its debts, as well as find monies to sustain vital services, infrastructure and incomes.

But the banks and speculators who went suddenly bankrupt in 2008 faced no such dilemma. In the few weeks after the crash of 2008, we quickly conjured up $17tn to rescue them.

The availability of money is entirely dependent on its creation ‘out of thin air’ by those who control the private banking system.