New money is pulled out of thin air. We choose who makes the decisions about who gets the new money and what they do with it.
Under our current system, we give the private banking sector the power to create new money, and to then ‘loan’ it out at interest for both public and private enterprise.
It is very useful to this sector to convince people that the government is the Big Bad Bogeyman, and that the private bankers (with their own friends and pet projects) are the proper, ‘independent’ decision-makers.
The financial sector at the last peak took home over 40% of ALL corporate profits. This enormous stash allows them to spend freely to convince the public that leaving the financial sector free to pillage the economy in ‘independent’ ‘free market’ unregulated bliss, is in everyone’s best interests.
Part of the con is convincing people that the jobs created when they create new money are somehow different from the jobs that government creates,
New money is pulled out of thin air. We choose who makes the decisions about who gets the new money and what they do with it.
Under our current system, we give the private banking sector the power to create new money, and to then ‘loan’ it out at interest for both public and private enterprise.
It is very useful to this sector to convince people that the government is the Big Bad Bogeyman, and that the private bankers (with their own friends and pet projects) are the proper, ‘independent’ decision-makers.
The financial sector at the last peak took home over 40% of ALL corporate profits. This enormous stash allows them to spend freely to convince the public that leaving the financial sector free to pillage the economy in ‘independent’ ‘free market’ unregulated bliss, is in everyone’s best interests.
Part of the con is convincing people that the jobs created when they create new money are somehow different from the jobs that government creates,