Alright, so what happens after we 'go broke'? Actually, is it really going broke, since we'll also be debt free?
consolidate all of the world's central banks. create new world currency. start new fiat currency pozi scheme. they will never give up there power to create and control money without a revolution
And we'll never have a revolution as long as American Idol takes precedence to the nightly news. Cake and Theater...
Are you saying Murdoch & company have their own agenda?! :eek: The problem is not only are Americans generally rather stupid, their apathetic, so long as the clicker is at hand.
That is just not true. You have to remember that loans are paid back over time. The money supply is also changing over time. Even in the short run, lets say a year. If the velocity of money is large enough that same 11mil will be able to cover the net loan.
that's the only thing that keeps the system alive, the time gap between when money was created and when it has to be paid back the speed in which it flows through the economy doesn't solve the problem of more dollars lent then dollars in existence it all must go back to the lender eventually you can't solve this mathematical conundrum by money velocity
GUYS LETS START NOW BY DIFINING "MONEY". Our money supply has many components, some, so large that I would not consider them money as it should be. WHAT IS MONEY??? CAN THERE BE MANY TYPES OF IT AT THE SAME TIME BASED ON LIQUIDITY??? Just like we have in m1, m2 and m3???