How Money Mechanic and Monetary system Work ( Part 2 )
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This video is a response to How Money Mechanic and Monetary system Work ( Part 1 )
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Due to increased economic efficiency financial resources will be kept unused and therefore people will have money to pay interest. This is why without money creation, an increase of productivity will cause deflation.
PGRPW 4 months ago
@PGRPW
Your comment shows that you did not understand the movie.
There IS NO MONEY to repay!
MrPhilos2000 4 months ago
In this movie it's said that society can't repay their debts, because the payments and interests always overcome the money supply. What about increased economic efficiency?
PGRPW 6 months ago
A biggest public campaign has started to end fractional reserve banking, look at the POSITIVE MONEY website and support the campaign ...and spread the word.
PositiveMoneyUK 7 months ago
However, the bank appealed the next day, and the decision was ultimately nullified on the grounds that a Justice of the Peace did not have the power to make such a ruling.[3]
Because the decision was nullified, the case has no value as precedent.
Dont believe everything you hear
akawolfy1 10 months ago