If you've discovered this secret why aren't you out there rasing venture capital to start a bank?
This is not a secret, John Law practiced this 300 years ago. Commercial bank do not have right to create money, only central banks can. Just look how FED and other central banks' balance sheet exploded while they acquire large amount of assets since 2008
Oh yes they do, Commercial banks create credit money.
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdfSo what if their balance sheet expanded? Still has nothing to do with them "buying the economy"
Commercial bank create large amount of checkbook numbers in their database, but they are not real money, when they run out of real money, they went down, together with your numbers in your accounts, which has never existed in reality until you do a full withdraw. Just like your bitcoin count on bitcoin exchanges, they are numbers in a database, not on blockchain