EX NIHILO CREDIT CREATION VIA SIGNATURE CREDIT CREATED NEGOTIABLE INSTRUMENTS AND 1099 OID TAX REDIRECTION
27TH June 2026 Empirical Foundations of Ex Nihilo Monetary Expansion The theoretical and practical foundations of monetary expansion within the modern global financial system have undergone a significant paradigm shift. Classical macroeconomic models, such as the financial intermediation theory, traditionally conceptualize commercial banks as passive intermediaries that collect pre-existing