Understanding Money & Debt

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Andras TothFrank, if you happy to hear any thought, why was deleted my comment?...

2 minutes ago

Marco SabaYou are confusing the accounting side of the loan process with the creation of the digital monetary medium (cash). IAS 7.6: "Cash is cash on hand and demand deposits". Cash creation must appear in the asset side of the bank cash flow account before being transferred to the customer account. And it i...

Yesterday

Rollo10Of course it doesn't appear in the cash flow, it doesn't exist, it's digital 1's & 0's on a PC. Then when it's paid back it's destroyed, no longer in the economy.If all these loans were placed on the books, we'd be obliged to ask to see the cash?...

Yesterday
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etniksThe key to winning this battle is UNDERSTANDING by many voters of how fraudulent the Fractional Reserve Banking System is.Nobody from any political preference wants to be taken advantage of, and the Debt-Based money system is a crook's dream to live from other people's efforts.While there are many v...

last month
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John WoodheadYes I understand that I just want to find out what their banking system was when they was the USSR and how it worked and how it failed ...

2 weeks ago

siddhamJust to say that I am not referring to the Soviet Union or communismIt is a common error to presume that the only alternative to private fiat currency - which is what we have now - is Soviet communism; it isn't.Russian Soviet communism died a long time ago. RIP...

2 weeks ago

John WoodheadI think you are right but I am intrigued into the old Soviet Union form of banking I know nothing about it at the moment but I want to research it,not for a solution to our present problems but just to see what it was because I think it should have been some sort of "people's" bank,whatever it was I...

2 weeks ago
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