Understanding Money & Debt

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KimYou give weird examples, it doesn't work like that in the modern industrial world. You need some kind of standardized measure of value, that's where a government usually comes in. A democratic institution should at least in theory look after the common good - banks are not even supposed to do that.....

3 days ago

Roger Glyndwr Lewishttp://simonthorpesideas.bl...All Risk No Reward 2 years agoYes, the money flows, BUT NOT TO THE MAIN STREET DEBTORS IN AMOUNTS THAT MAKE THEIR DEBTS PAYABLE. Therefore, the choice is to exponentially grow the debt until the exponential debt-money growth implodes on its own or allow Main Street to i...

2 weeks ago

Roger Glyndwr LewisBernard Lietaers fable of the 11th round adresses this question, I have wondered why Steve Keen and others seem so keen to pooh pooh this as a naive urban myth. Usury is the Price of money, it is the metric of Economists, the high priests of Economics Woo.What we see in Keen and Varafoukis is really...

2 weeks ago
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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...

January 2017
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Paul SpringWe have never really had full utilization of resources (except maybe WWII). Even with low unemployment, many jobs are low quality and of low benefit to society. Injection of money into the economy through government spending for the public purpose is far superior to helicopter money. It creates j...

2 weeks ago
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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 ...

last month

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...

last month

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...

last month
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