This one is short and simple.
Did you know Banks create money out of thin air?
Fiat currency is the backbone of our modern economy. The only reason I have a job and a house is because someone at a bank made up some money.
Terry, i generally perceive you as intelligent and thoughtful man. That perception makes it difficult for me to reconcile the man with this ridiculous anti jew Rothschild rant.
This post and the accompanying documents are scarry in their perversion of truth. They share just enough truth to sound credible before veering off into loony land.
Banks can and do fail. If they “make money out of thin air” they could never fail. The basic concepts discussed in this garbage post are sound but the devil is in the details and those details matter greatly.
This is all globalist anti jew bullshit propaganda and, for whatever its worth, its a bit disappointing to see who started it.
Maybe if banks could overlap each other there would be no more failures
It's all just manipulation of numbers on paper. Money =value of purchasing power.....that's about it. Excellent dissertion Mr. Walstrom.
GermanXJW - No it was Nathans' great grandfather - Mayer Amschel Rothschild (1744-1812).
So Morph, how does all new money enter circulation?
I found Venezuelas money problem interesting. 1 USD equaled about 12 of theirs, then within 2 years 1 USD equaled over 200,000 of theirs.
Prior to their hyperinflation, with the money in their supply, it went up to much and so fast, that people needed a backpack of cash, which would be worth tens or hundreds of thousands of dollars to get just eggs, etc.
How did all those extra 'bills' appear out of nowhere. Even with hyperinflation, unless just printing nonstop the past couple years, just physically all of that money around should have been impossible.
Venezuela had a socialist regime. When money enters the economy without being backed up by products or services is when hyper inflation occurs.
i remain sadly unshocked at what people dont understand and what lies and half truths they are willing to believe.
banks do not make money out of thin air.
If you want to understand the “money from thin air” argument, one must understand the worlds move away from the gold standard and to what is know as “fiat” currency, essentially money tied to an economy.
To blame this on banks and accuse them of “making money from thin air” is stunningly uninformed.
Really, i just cant even do this today.