Great, easy to understand, presentation on the crisis in the monetary system, and what we can do about it, and what is done about it!
Great, easy to understand, presentation on the crisis in the monetary system, and what we can do about it, and what is done about it!
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I’m not seeing a link or …. above?
Could just be me, it’s been a long snowy day ))
Found it –
http://www.libertariannews.org/2011/10/26/bitcoin-jem-bendell-the-money-myth/
or
http://www.youtube.com/watch?v=X5uGLbV5zVo&feature=youtube_gdata
xx
we’re having technical difficulties with the blog … embed codes are disappearing!! I’ve asked for help,
Michel
do banks just create money when they loan?
i thought they “create” it by charging interest
which needs to be collected by the punter who borrows…
they create it by lending itself, but give it away, thus the interest guarantees it comes back, with a surplus .. the leveraging of loans vs. deposits went up from factor 3 to 30 …