Cause And Effect   
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Reform the debt-based money system
While the Reserve Bank creates our notes and coins, this forms less than 3% of our money supply. The rest nowadays is electronic money for EFTPOS, internet banking and so on and is created by private banks when people take out loans.

This electronic money is created out of thin air (ʻex nihilo’) — merely by making accounting entries in the books of registered banks. The banks then lend it to you and me and charge us interest on money they never had. Nice business.

https://www.positivemoney.org.nz/pm/
 
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