Dear friends,
So far we found that money comes to existence from thin air when somebody takes a loan.
If you think that salary you get from your work and then use to pay bills is created by your labour in the existence you are wrong. It is actually money which is taken from over all money stock that rotates in economy. Somebody created that money to rotation by taking a loan.
Biggest causes which create money in the system are mortgage institution, financing corporations and loans to the nations. ( poetry..)
Money for your living (food, energy, salary…) is not created but it is taken from over all money that circuit in a system.
This raises the question who owns the money?
If all money is just a loan what happens to it when repaid ?
When you repay your loan back to bank it is still exist as bank asset.
Loan is quit one in a way because it is taken away from overall money circulation.
But that repaid money is still real money its just kind of deposit for banks own usage.
It became bank own money !
This is important point. Bank can use that asset when ever they want and what ever they want.!
It has nothing to do with human rights and sustainable economy or democracy.
So eventually all the money end up as an property of the bank, it is just loaned us for a while !
With that we buy houses, apartments, land and so on…but what happens if you don’t have money to sustain your “stuff”? You still think that its going to be your “stuff” for long?
This is way banks sucks away nations wealth little by little by being able to buy everything there is to buy.
What happens meanwhile is that loans are taken faster than paid of which makes an illusion that banks don’t “own whole planet.”
However during recession they draw those assets and cheaply buy anything there is to buy.
A summary:
Money is created as debt and it ends to a property of the bank and is thus without any social control.
Debt money also insist eternal economic growth which is a problem it self.
From that and more next time…
Love&Peace
Kunda