The falsehood of the money

in #money7 years ago

The gold doesnt have the importance now that have in other years, because, the gold and the money doesnt have a correlation, and gold doesnt sustain the money. 

Before the money was create by the fractional reserve, a system that let a bank to do money from nothing, for example: when you went to a bank and deposit 1000 usd, automatically the bank could lend 10 times or 10 thousand usd, and this system is exponentially increase. but no more

Now the bank doesnt need your money to do more money, they only like your personal data, your information about address, professional career, sons, married or not, and with this information, the bank could send you to your house a pre approved credit or a credit card, depending your income.  When you go to a bank an ask by a lend, the bank, in their computer put the money that you need and !!!!Surprise!!! more money was created, and then more inflation too.  

The bills and coins that the goverment do, is only 5% of the money that the all country use, and there are plans to disappear them, because is very difficult to track, and more difficult to do you to pay taxes, more important to banks, because the external debt is with banks. 

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