Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [1-1] of 1 Major L. L. B. Angas quotesMajor L. L. B. Angas QuotesMajor L. L. B. Angas The modern banking system manufactures “money” out of nothing; and the process is, perhaps, the most, astounding piece of “sleight of hand” that was ever invented. In fact, it was not invented. It merely “grew”. ... Banks in fact are able to create (and cancel) modern “deposit money”, just as much as they were originally able to create, or call in, their own original forms of private notes. They can, in fact, inflate and deflate, i.e., mint, and un-mint the modern “ledger-entry” currency. ~ Major L. L. B. Angas Share on Facebook Tweet Email Print