Money is debt

Out of context: Reply #18

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• monNom0

  all of these videos conveniently gloss of the fact that as money is created, it is offset by bonds, which are an obligation to repay + interest at a later date. Money isn't magicked into existence when you use your credit card, nor is it when a dollar is printed. Using a loan to be productive is a good thing. No different than a barter system where you get firewood in the winter in exchange for grain come harvest time.

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  • money is the medium of exchange, but the value is created by investing it.(eg farming)monNom
  • did you watch it?bliznutty
  • probably, I've seen about 10 of these things in the last couple of years. They're all the same.monNom
  • just had a look, I did watch this one. a few months back.monNom

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