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The real money in the world to be made
is not by producing anything, it's simply by forms of
speculating basically, making money from money
that's the most profitable
and by far in a way, the biggest
form of activity, of economic activity.
that exists in the world today.
Today, banks are no longer restricted by how much they can lend and as such
how much new credit they can create out of nothing.
They are restricted solely by their own willingness to lend.
The issue
with allowing banks to create money, there are two main issues, first,
that they create that money when they make loans
obviously the fact that they create this money when they make loans.
So it guarantees that we have to borrow all our money for the economy from the banks.
As such,
to have a healthy, growing economy,
the government needs to put in place a strategies to allow for ever
increasing debt.
The only way the government can create additional purchasing power
is by getting itself and us into more debt;
the second issue with banks creating money is that they have always the incentive of creating more money.
You know, they create more money
if they issue a loan, they've got the bonuses and the incentives
to create, you know to lend as much as possible.