In the year 600 B.C., the civilisation of Athens was in a state of decay. Rampant greed and power-mongering were commonplace, tearing great rends throughout the economic and moral fibre of society. And corruption was so rife, that it had almost become expected of the political ruling class of society as a tool of governance.
I gotta print these letters on paper cuz they are awesome!
All money is created digitally by private bank lending. Banks create new, digital money to lend AFTER the borrower signs the loan contract. Banks create new, digital money with no need for prior deposits or reserves. Richard Werner proved this empirically in 2014. In that same year the Bank of England admitted the same thing in their paper, "Money Creation in the Modern Economy."
Your entire premise of "Government prints money" is wrong. In fact, government gets all revenue from taxation and borrowing. But the money being used by government is always created by private banks. And since inflation is caused by too much money creation, it follows that PRIVATE BANK LENDING is responsible for inflation, not imaginary "Government Money Printing."
Proofs available at: bankLIESdotORG
Just curious, in your opinion, what else could government have done besides printing money?
Thank you for your wisdom, it took society thousands of years to figure out that a farmer that defaults on debt due to crop failure is not an evil person who deserves being made a slave, might take a long time before we can control governments who print surplus money to solve temporary problems, but devalue currency for everybody. Thanks to your advice and other wise people on YouTube, I have shifted most of my wealth from cash in a bank, into gold and shares.
Hi Leon, thank´s for this lesson and advise too! And in all this World "Goverment" mess, suspectly new outbreak diseases, are "appeared", whith the rumor´s of biologycal weapons laboratories, which it were supposedly linked to NATO. If it is true, would this be a way to take our atention to this inflation problem and broke more nations to turns the Weath Master more rich? To many bad thing at once, are very suspectly, that someone have the intention to creating this situation...
It seems like a crazinesss I know! But if?
Thank You Again! Sorry about my Google trasnlatinglike writing, I am still learning English!
Brilliant and absolutely agree but to be honest I’ve been dropping the ball abit still have some silver coins and little gold but still looking around the global world leaders are idiots including WEF,WHO and UN I see through them for years.I look through history and the consequences during time periods my own government(New Zealand)so foolish and most people accept what government says unlike me I’m opinionated and questioning everything and will go out of line and call it bullshit when I see it.I look for any financial channels that will give me a edge in some form even it’s look at the right Direction just point out something I generally look at it