Posted by The Interest on January 19, 2009
Have you ever wondered where we get our money? Did you know that our money is based on government debt and fractional-reserve banking? Did you know that this monetized debt represents only the principal amount of loans at banks? If our money in circulation only equals the principal amounts of loans then…
…WHERE’S THE INTEREST?
In 1984, Clara Peller said the famous line in those Wendy’s commercials, “Where’s the Beef?”
Our monetary system depends on the velocity of money to create enough money for us to pay interest on the debt that is created from new money. To understand more about our money, its history, and current situation, explore the links and blog of this site. You’ll then be able to answer, “Where’s the Interest?” You may also decide that we need to change our monetary system.