Saturday, January 29, 2011

Watch "The Money Fix"

Do you know how money is created?  Here's a hint:  most of it is not created in a mint.  Most money is created as debt: you take out a mortgage and POOF the bank creates that money based on your promise to pay it back.  It's sort of mind-boggling and confusing.  The first 10-15 minutes of "The Money Fix" detail the process of how money is created as debt, so at least watch that.  Here it is:

No comments:

Post a Comment