Money
Published: 03:03, Wednesday 03 August 2011
Notes
What's this? See my article about Notes.
View as plain text file.
zeitgeist 1 part 3
Money as Debt:
moneyasdebt.net
"banks can create as much money as we can borrow"
"no debt, no money"
"That is what our money system is. If there were no debts in our money system, there wouldn't be any money."
Marriner S. Eccles
there is not the money to pay the interests - the money to pay it doesn't exist
alternatives
local exchange trading system
money system: hours of work
monetary reform is needed
money is just an idea
by the government
no national debt
Money as Debt II Promises Unleashed:
deposit vs loan
the money in the bank is the bank's money, not ours, that's why they pay interests to us
the bank loan is a promise to pay
counterfitting
money creation:
fractional reserve banking
silvio gesell: http://en.wikipedia.org/wiki/Silvio_Gesell
Write a Comment
* These fields are mandatory.