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The US government paying off the national debt by borrowing more money, and/or printing more US bonds and selling them. This is an over simplification, but when these existing US bonds come due, the US government redeems these bonds with US dollars that are raised by selling more freshly printed new...
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[quote user="limitgov"] Q1: In essence Bank of America has its own notes as does chase and now markets have to pay for the overhead in maintaining such a number of different currencies and prices of goods have to be constantly changed per the currency you hold as in buying a can of beans may...
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I work for a 20 person company. I make around $50k/yearas do most of my coworkers. I asked my boss if he ever had to take a loan to make payroll. He told me that he has enough money in a account to cover pay for six months. So we started talking economics a somemore. I am very comfortable with my job...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...
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I saw this posted on dailypaul: "This is the story of how the modern banking system, through credit cards and installment debt, impose a form of modern slavery on the people. First they create the money from thin air. Then they loan it to you. Then you are not only responsible for paying back what...