That doesn't make any sense at all, Arjay.

>>It would be better to have mutual banking societies so both borrowers and depositors can share in this newly created money<<

Why would it be "better"? How would it be "better"? How would the borrowers and lenders "share in this newly created money"? And what is "this newly created money" anyway?

You seem intent on proving yourself completely ignorant on all matters financial.

As my old granny used to say, if you don't have anything useful to tell us, just stay quiet.

Wise woman, my granny.

So perhaps it is best that you stick with your bizarre conspiracy theories after all:

>>Could the Rothschilds be doing secret deals with both China and Russia in regards to this new BRICS bank ? Russia to avert a nuclear war may well be considering a deal with these criminals.<<

In some weird way they are actually more convincing than your attempts to articulate your understanding of international finance.

It never does make any sense to you Pericles because you ignore the truth and cherry pick items that suit your bias.

More avoidance, Arjay.

>>It never does make any sense to you Pericles because you ignore the truth and cherry pick items that suit your bias<<

I was "cherry picking" your own words, and simply asking whether you understood anything that you write.

Clearly, you don't.