How is money created?

I recentely published this article on Global Research and on Rense.com

http://www.thecactusland.com/2011/05/moral-hazard-of-modern-banking-how.html

And while I am please to have thousands of readers, I was a bit disappointed in the discussion in the comments section. The real issue, one that is very relavant today, is how valid is the banks claim for repayment, especially on a national level, Greece for example. I am sure that if people understood how the banks created the money used to buy bonds, they would immeditely call for a debt jubilee.

In my opinion, this is the single most important topic of our time, and we have alot of problems. I look forward to a lively discussion.

Regards,

Robert Bonomo