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@0-anthony-0 wrote:

A good starting point to comprehend the nature of money is fractional-reserve banking

Whatever anybody says. money is an invention of man and imagining that there is not enough money to pay for the essentials needed for everyone to live with dignity equally, allowing deprivation unnecessarily, is basically a mental health issue.

 

Greece wasn't able to meet an IMF payment and what's occurred? night still follows day, the planet turns on it's axis, water still falls from the sky and plant life grows in the soil.

Those with, demand that those without are deprived of that which is essentially needed to live with dignity equally, money.

 

One solution

Very true,one of the greatest economists of the last century J. K Galbraith said:

"The process by which banks create money is so simple that the mind is repelled"

 

Bit similar to those who keep repeating the tory mantra "The UK could have ended up like Greece" of course that is totally false as a sovereign country issuing its own currency that could never happen,in fact it won't surprise me if Osborne mentions it again in his forthcoming budget !

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