Here is an interview by Iranian Press TV with Michael Burns, an American economist. While he doesn’t answer the questions particularly well, at least the gist of what he’s saying is that money is created from nothing and sold for “interest” that the Fed didn’t solve the ‘crisis’ in 2008 that the American people were [...]

Filed under: Central Banks, Credit creation, Economics, Federal Reserve, Government debt, Money as Debt, National debt, Public debt, Sovereign debt | 7 Comments »