Welcome
Welcome to Splitting Zeros, the free resource that explains how fiat currencies are created and destroyed in the banking system. The material covered is accessible to anyone, whether a lay person, student or professional.
Where to begin
If you are new to this, then be prepared to go down a real-world rabbit hole. And as the rabbit hole maestro once put it, the best place to begin is at the beginning, and go on until you come to the end: then stop.
Start with Part 1:
Introduction
- Part 1. Introduction
- Part 2. The rules of money
- Part 3. Interbank transfers
- Part 4. Interbank settlements
- Part 5. How money is created
- Part 6. How money is destroyed
- Part 7. How banks earn money
- Part 8. How banks lose money
- Part 9. How banks go bankrupt
- Part 10. How debt circulates
- Part 11. How central banks work
- Part 12. How clearing works
- Part 13. How circulated debt is paid back
- Part 14. How banks fail
- Part 15. How governments borrow money
- Part 16. How governments pay back money
- Part 17. How quantitative easing works
- Part 18. How banks are bailed out
- Part 19. How banks are bailed in
- Part 20. How notes and coins circulate
- Part 21. Conclusions