This video is a great way of illustrating the absurdity of debt-based economies in general and national debts in particular.
Filed under: Credit creation, Euro, Government debt, Greece, Money as Debt, Nation States, National debt, Public debt, Sovereign debt | Tagged: national debts, video | 1 Comment »
This blog post puts the EU and Greece excellently into the general debt perspective of our system, with central banks and governments as its key players, in a mortal embrace. Remember: the money supply of a nation consists of Cash issued by government as notes and coins – interest-free – raising seigniorage as income Credit [...]
Filed under: Central Banks, Euro, European Central Bank, Government debt, Greece, Nation States | Tagged: EU, Greece, USA | Leave a Comment »
