Where does money come from: Yes we are still beating that drum.

It may sound like a silly question, but what are the circumstances of the 'birth' of money? Is gold involved? You may be surprised to find out that gold has nothing to do with it.

It may sound like a silly question, but what are the circumstances of the ‘birth’ of money? Is gold involved? You may be surprised to find out that gold has nothing to do with it.

Posted on February 20, 2013, in Law & Government, Media, Meme, Monetary system. Bookmark the permalink. 3 Comments.

  1. We already have this. But still true. Last years conspiracy theory is now Economics 101.

  2. This clip was also shown in one of our recent posts. Very interesting how these ideas have filtered into the mainstream. Some people may have underestimated the influence of the Occupy movement .

  3. Money is created by banks out of thin air in the form of a loan , which appears as numbers on a computer screen – it is essentially lent into existence. The debtor pays off this loan with his labour, but he is paying back money that never existed in the first place (It is not backed by gold). How can you pay back something that doesn’t exit? With Interest?

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: