Tag Archives: Web of Debt
Out of Thin Air
The US has a fiat currency, where money is created out of thin air with a stroke of the keyboard. For political reasons, we allow banks to enjoy the advantage of money creation rather than having the US Treasury issue … Continue reading
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Tagged banks, CBO, Ellen Brown, fiat currency, MMT, Modern Monetary Theory, Naked Capitalism, Rothschild, Web of Debt
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Modalities of Control
Why are American’s so docile in the face of persistent unemployment, record levels of foreclosure and a banana republic system of inequality? One word–Debt. “Workers who are unable to meet their debts, who are victimized by constantly rising interest rates … Continue reading
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