Monday, November 1, 2010

Money is Credit

That's a fine monetary system, where one has money as long as his credit is good. Not good for the people who don't have credit, cause they don't get much, but have the little money that they own devalued by inflation.
What happens when the system breaks, like now ?
The ones without credit get shafted again, cause now they lose everything - including their jobs.
Why and to who's benefit was the Fed created in 1913 ?

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