“The great enemy of the truth is very often not the lie… but the myth.” — John F. Kennedy

“The great enemy of the truth is very often not the lie… but the myth.” — John F. Kennedy

❌ If the story doesn’t match the balance sheets, it isn’t money — it’s mythology.

Everyone has an opinion about money, but very few people understand the system that creates it. And when the story doesn’t match the balance sheets, myths take the place of knowledge.

🔥 Myth #1: Money Is Supplied By The Central Bank

🔥 Myth #2: Banks “Lend Out” Reserves

🔥 Myth #3: The State Creates Most of the Money

🔥 Myth #4: The Central Bank “Prints Money”

How the Monetary System Actually Works

The modern monetary system runs on balance sheets, not on the fairy tales we teach:

Banks create new money when they lend (deposits are born at the moment credit is issued)

Reserves move after lending (they settle payments among banks, not fund loans)

Bank money dominates (for over 150 years, deposits have far exceeded government-issued cash)

The state creates large amounts of money when credit collapses. (central bank money spikes in crisis — QE is emergency money)

🔍 “If not the myths… then how does money really

🔥Exhibit 1. Credit creates a deposit — instantly

When........

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