The world is a house of cards!!

Australia
February 13, 2010 6:33am CST
I've recently discovered videos on youtube regarding the monetary system. The monetary system is what we use as currency, and what determines our conversion rates and such. The basic notion it described very well I might add, was that if every debt in society was paid to the loaner, then there would be no money in circulation, the banks would have all the money... When you think it through as to HOW we get our money... The bank loans us $10,000 with interest on top of that... How are we able to pay eerything we received PLUS interest if we only receive enough to cover the original loan... The federal reserve bank is where every dollar in existance comes from... They lend countries the money to survive, then collect payment through other sources such as their oil or gold... That pretty much says without debt there is no money... There has to be another way surely!
1 response
@KylaDilla (137)
• Malaysia
15 Feb 10
Hi the bradmeister That's quite interesting actually. Mind telling us the name of the video? I am interested to watch it. Thanks.
• Australia
16 Feb 10
yes, here is the video on youtube: http://www.youtube.com/watch?v=pt2Lo786zLk&feature=related