[SubiculumCode]

But as a fuller reply to your overly condescending post is that a)yes the BOND procedure is borrowing, but b)the majority of new money is created through the fractional reserve system, which requires banks to hold 10% in reserve when creating loans. When banks give out new loans they are in fact creating almost 10 times as much new money, well exceeding the whole bond mechanism.

Now I admit that this is not my field, but it certainly seems that if the majority of new money that is created is through the fractional reserve system, i.e. by fiat, then the majority of the money that is spent buying new BONDS is from fiat-produced money.