Mads Palsvig explains how the owners of certain banks use banks as tools to engage in insider trading. This is possible in part because banks create money and thereby increase the money supply, which leads to rising prices. Mortgage lending in Sweden has increased five-fold over the past two decades.
They can also withdraw money, which causes real estate and other assets to decline in value.
He believes that only the central bank should have the right to create money.
jfk21.dk, Mads Palsvig on how banks create money
