With all the words that we want to hear, solving economic problems is the one that we want to hear the most. In an effort to alleviate economic problem leaders democrats are defending his pick for the United States Secretary of the Treasury, though it seems imprudent to appoint to one of the top financial posts in the country to a guy that makes big tax mistakes that require a massive payoff. Democrats have gained the White House, and in a rare turn, a majority in Congress to go with it. Hopefully, the measures concerning big tax mistakes will be helped along by both Republicans and Democrats to aid those in need.
This is absolute drivel. The amount of money is based on the GDP -- the goods and services produced. They have an intrinsic value. If I borrow $300k to buy a house, the house has value. The seller gets REAL money from the lender. The note promising repayment is secured by the house. That is why the note has value, AND because when lenders are acting responsibly, my ability to repay has been confirmed. The money is not created by the loan. The money represents my earning capacity AND the intrinsic worth of the house. The fact that banks can leverage is ENTIRE basis of this asinine rant by an absolute moron. Anyone who does not get it, thinks that there is not value to workers working and products being produced. Stay home from work today, and demand payment.
Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out.
Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. ...
http://dandelionsalad.wordpress.com/2008/10/01/money-as-debt-video-%E2%80%9Cin-debt-we-have-trusted%E2%80%9D-for-over-300-years-by-jim-kirwan/