Money For Nothing : Tue Aug 14, 2012 10:08 pm
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Al Jazeera recently aired a short program which explains how banks create money out of nothing when they make a loan - pity there aren't any UK broadcasters willing to expose this fact to the general public.
http://www.aljazeera.com/programmes/cou ... 59268.html Conservative economic thinking - cuts and austerity for the plebs - leads to a shrinking of the money supply and a collapse of the system. Labour economic thinking - more government debt - would merely kick the debt time bomb down the road for a few more years till is finally dawns on people that these debts are unpayable leading to a collapse of the system. When will somebody in power address the real economic problem, namely our debt based monetary system? |
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Al Jazeera recently aired a short program which explains how banks create money out of nothing when they make a loan - pity there aren't any UK broadcasters willing to expose this fact to the general public.
http://www.aljazeera.com/programmes/cou ... 59268.html Conservative economic thinking - cuts and austerity for the plebs - leads to a shrinking of the money supply and a collapse of the system. Labour economic thinking - more government debt - would merely kick the debt time bomb down the road for a few more years till is finally dawns on people that these debts are unpayable leading to a collapse of the system. When will somebody in power address the real economic problem, namely our debt based monetary system? |
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