viernes, 4 de abril de 2014
Is money real?
The FDA is an American organization in charge of printing money for the U.S. Citizens. When the FDA prints a certain amount of money and the government gives them the same amount in treasury bonds. The problem is that the government will never have the money to pay back the FAD because they expect to receive interests from the loan, but the U.S. government can't print more money. This is the reason why money is equal to debt.If there is debt in a country there will be debt, but if there is no debt the use of money will become unnecessary. This means that if every citizen in the United States gets to pay their debts, money will not be needed.A side from the previous mentioned there is also a system in which banks create "air money." The banks loan to the citizens they are lending the money of another person that putted it into the bank. The loans are not actually the banks money, but the money is from the citizens. His is why the banks have more time than the one they are initially given.
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