‘Bank Robbery: The Way We Create Money, And How It Damages The World‘ is a book dealing with the theme: ‘How come most of our world is now owned by so few people?’
An earlier version was published on the websites ‘Positive Money’ and ‘The Cobden Centre’.
Now completely re-written, it has been published as a book (January 2020) by Triarchy Press.


CHAPTER ONE: The Money Supply.
CHAPTER TWO: Laws That Make Robbery Legal.
CHAPTER THREE: How Money Works Today: A Quick Summary.
CHAPTER FIVE: Bubbles and Adam Smith.
CHAPTER SIX: America, Won and Lost.
CHAPTER SEVEN: Secrets, Ignorance and Lies.
CHAPTER EIGHT: Negotiable Debt: A Bit of History.
Appendix 1: Sir John Holt’s remarks on promissory notes.
Appendix 2: Extract from The Promissory Notes Act, 1704.


We take the money system for granted.
» We accept that banks have the right to create, rent out and then destroy money.
» We accept that banks have a right to charge us (and our government) interest on this money.
» We accept that the system enhances inequality, drives climate change, degrades our planet, promotes war and con­flict, and has always led to eventual disaster.
But why do we accept this manifestly undemocratic money system, which serves only to concentrate power and wealth in the hands of organizations and individuals that have profit – not our collective interests – at heart?
Curious to ‑find the answer, researcher and writer Ivo Mosley set out to uncover – and tell – the story of how money-creation works and how it came to be this way.
Many years in the writing, this book is not an attack on individuals or a rant against bankers. Rather, it’s a remarkably clear and comprehensive examination of a system that supports unaccountable and destructive power. It also points the way to the simple reforms that are necessary if we wish to create a more just and equitable world.
Easily accessible to readers with no previous knowledge of economics and ‑ finance, this is a book for anyone interested in creating a fairer and more sustainable society in the face of economic, financial and environmental crisis.


The most fundamentally destructive process in the world today is seldom talked about. It’s pretty much a secret although it causes wars, inequality, poverty, environmental destruction and ultimately the collapse of civilization.

This process is the way money is created, rented out and destroyed again for the benefit of profit-takers. It puts power in the hands of insatiably greedy people who only want more and more and more, no matter what damage it does to the world and everyone else.

The process is simple to describe. When a bank lends, it creates money out of nothing: the money doesn’t exist before the bank lends it. This is possible because laws say that a bank’s promises to pay are money. Because its promises are money, it can lend out promises and charge interest on them. But promises are all that a bank needs to pay out, except when a customer ask for cash, because their promises act as money. This is where the duplicity of governments comes in: just as bank-created money is fake debt from banks, so cash is fake debt from governments: both are ‘promises-to-pay’. Governments charge interest to banks on their ‘promises’; banks charge interest to customers on their ‘promises’. And neither pay out anything more than themselves.

Furthermore, when a loan is paid back to a bank, money disappears.

All this helps concentrate power in the hands of governments, banks, speculators and financiers. If it sounds like the most dishonest legal device in history, that’s because it is. Governments passed these laws precisely because they concentrate power, at a cost to productively working people.

Why do so few people talk about this? Because the media, lawyers and academics get their wages from those in power; they want to keep their jobs. An aura of secrecy surrounds the process. Sometimes the truth peeks its head out, as when a Bank of England paper described the way money is created in a paper (published online: Money creation in the modern economy, Quarterly Bulletin 2014 Q1). But soon the truth runs back into hiding, as if no one has spotted it.

If we are all to survive in this world, we need reform. The rest of us must take power from those who abuse and exploit it. Simple justice!


7 replies on “‘BANK ROBBERY’”

  1. Ned Casper says:

    “By continuing with quantitative easing [$ 120 billion a month] the Fed[eral Reserve] has unleashed a financial monster. The money supply has soared over the last two years and mucch of that cash has flowed into SPECULATIVE ACTIVITY in the shape of special purpose AQUISITION companies (SPACs), crypto currencies, PRIVATE EQUITY and retail investing on the advice of social media sites….” Alex Brummer, Daily Mail, November 23, 2021.

    Who provided the information that Oswald Mosley had an erection because of a cavalcade in Rome while standing next to Mussolin in Rome 88 years ago?

  2. marcos paulo araujo says:

    Gostaria que seus livros tivessem uma tradução para o português.


  3. Hi Ivo,

    I left a comment after your Cobden article basically supporting you. My latest foray into this subject is here:


    Comments welcome.

  4. wendy says:

    Dear Ivo,
    I have been moved your beautiful collection of poetry in the book Earth Poems and intend to recommend it on my website. Trying to find out its current availability led me to The Green Book of Poetry and thence to this website.
    I’m enjoying reading your ‘Bank Robbery’ writings – well-researched, clear, engaging, and eye-wateringly illuminating!
    I just thought it might be helpful to mention my wondering whether your interpretation of the parable of the talents might be a bit too literal?
    I’m not a Christian and have no axe to grind, but as a teacher and practitioner in a different tradition I am conscious of how often metaphor is used by teachers, being more poetic and impactful, than strictures. Often, as I’m sure you know, the teachings are allegorical or contextual so reliance on the words themselves may in fact act as an obscuration to the message to which they gesture.
    A quick check on Wikipedia shows a variety of interpretations of the parable… ranging from one for Christians through to its possible use as a social critique or a critique of religious leaders. I tend to think that any of these is more likely than that he was suggesting that Christians became intelligent investors of their monetary goods….
    I may be wrong but thought it worth consideration…. it might be something that some readers would snarl on. with all good wishes Wendy

    • ivomosley says:

      Thank you, Wendy. Yes I am aware there are differing interpretations… perhaps he was intending the meaning that we make use of such gifts as we have to good effect in the world. The reference to the parable has been omitted in the printed book!

  5. Sten says:

    Exceptionally interesting reading.

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