How mortgage banks magically create money

UK households and businesses now owe banks 39% more in debt than actually exists in cash, near-cash equivalents and bank savings combined. How exactly did this situation come about?

Thomas McAnea was a drunk, an ex-con freed on a technicality, and a failed businessman with barely 'two pennies' to rub together, according to the Scottish police.

He was also an expert forger, a specialist in faking holograms for official documents. And in January, 'Hologram Tam' as his underworld clients knew him was caught with nearly $1.7 million worth of counterfeit banknotes.

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Adrian has written all things gold related from if it’s worth buying, what the real price of gold should be and what’s the point of gold for MoneyWeek. He has also written for other leading money titles on his gold expertise including Business Insider, Forbes, City A.M, Yahoo Finance and What Investment Magazine. Now Adrian is head of the research desk at BullionVault, a physical market for gold and silver for private investors online.