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Usury. The only way money is generated is by debt. Debt, by definition is encumbered by interest. Thus, the only way to generate money to cover the interest is
by wycx 12y ago
Usury.
The only way money is generated is by debt. Debt, by definition is encumbered by interest. Thus, the only way to generate money to cover the interest is to generate more debt, this is a feedback cycle, requiring accelerating borrowing just to stay where you are. I think this is a large part of why we are so busy today. We are always behind the eight ball, at every level.
- tim333 12y ago> The only way money is generated is by debt Huh? There are loads of other ways to make money. Write some software for example. Or if you are the government then print some.
- wycx 12y agoEducate yourself: http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf http://www.bankofengland.co.uk/publications/Documents/quarte...