That's what economist on The One Show was trying to tell Occupy London this week, show aired Wed 20/10/2011. Best quality I can muster at short notice and first time at screed vid capture. At least it gets it aired.
Private banks counterfeit the national currency when they create loans. If anyone else did this, they would be put in jail. Banks make so much money because they have the right to do something that is illegal for everyone else and that should be the right of government alone - that is, the right to issue the national currency.
Private banks counterfeit the national currency when they create loans. If anyone else did this, they would be put in jail. Banks make so much money because they have the right to do something that is illegal for everyone else and that should be the right of government alone - that is, the right to issue the national currency.
atlasman55 4 months ago