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Learn-from-History .com offers an Economic
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TLC-Life-Center ²
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March 2009 Creating a Public-Service Banking System |
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Make-Believe Money ... Use this shade of Red Hex={9F,00,00} |
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Tit for Tat |
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. Now just for the sake of making out point, we are going the create a new form of make-believe money and use that money to pay the bankers for the use of their make believe money. Is it reasonable to repay a fairytale loan with fairytale money
Once upon a time, there was this wonderful country that fell down the rabbit hole . |
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. Standard Paragraph Format Charging Money for the Use of an Illusion The financial industry is unique in that it's the only industry that has succeeded in lending/selling customers a non-existent product and charging its customers rent (interest) on the use of its product. Lenders have been lending make-believe money. The money that the bankers have been, and still are, lending their customers is non-existent money. Do you recall the child's game called "Monopoly." Well, the bankers have been lending you a glorified version of Monopoly money. They call it fiat money. Borrowers are paying their hard-earned money (transferring some of their goods and services) to the super-wealthy money lenders for the use of this non-existent (fiat) money. **m2
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Notes and References |
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. **msc1 **msc1 Use this link for miscellaneous information regarding any topic. |
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If you have not
yet experienced Learn techniques
that can be used to enhance your skills and . |
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Back to the top of this page ¹ TLC-Life-Center Family of Websites Copyright © 2009 -- Robert E. Coté -- The Life Center All rights reserved. See: Terms of Use --- Privacy Statement . Site 53 -- Learn from History .com Page -- Make-Believe Money http://www.Learn-From-History.com/make-believe-money.html#53 http://www.Learn-From-History.com/make-believe-money.html#53 ² Make-Believe Money-53-Learn-From-History.com . .... |
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