Why can't the British government through its Treasury issue debt free, interest free money?
Based upon the wealth, the common wealth, of this country – worth trillions, why do our politicians go straight to the private bankers, the Rothschilds and the like, who create money completely out of thin air...just figures on a computer screen! And when this is received by our government, we, as taxpayers, start paying the interest which is currently costing the British people at least £125,000,000 a day, or £44,000,000,000 a year?
It's because in the current economic system, were the British government to start printing money, inflation would increase. Any benefit from doing it would be offset by the increased prices of everything. Unfortunately these days bankers, investors and "the markets" rule the world, and it's an easy just another way they make money!
by jerryl 14 years ago
Millions of people do not understand that we have a debt monetary system.The actual creation of money (always) involves the extension of credit by private commercial banks.This means interest bearing loans, so all M1 money in existence is debt. There is never any money created to pay the...
by lady_love158 12 years ago
http://www.speaker.gov/blog/?postid=240654We need to cut trillions not billions and unless we do we should not raise the debt ceiling! Obama is spending 4 trillion dollars a year even though historically revenues don't exceed more than 20% of GDP which for now is less than 3 trillion. That means we...
by wacknuts 14 years ago
And what does it mean for us?
by zzron 12 years ago
Maybe the word hate is a little strong. So why do people dislike President Obama and the way he is running the country? Are you an Obama fan? Yes, no, what is your opinion of Obama and his policies?
by Susie Lehto 5 years ago
What do Germany’s Angela Merkel, France’s Emmanuel Macron, Italy’s Paolo Gentiloni, Great Britain’s Theresa May, Holland’s Mark Rutte, Sweden’s Stefan Löfven, Scotland’s Nicola Sturgeon, and European Commission’s Jean-Claude Juncker all have in common?The first is they are all leaders of...
by dutchman1951 12 years ago
...Title should say Raise the Debt, not Deb.. sorry.A facinating Article below. From Huffington Post. Is it a real possibility that President Obama could, or should Bypass and Ignore Congress, If Negotiations fail?Could Obama ignore Congress if they refuse to raise the debt ceiling?...
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