Not a very interesting subject I know but important we understand what it is and how it effects our wealth.
Some call it counterfeiting but our society depends on it to increase the money supply and create wealth. It can have terrible consequences if misused like the Banks had been doing leading up to the crash of 2008. It can cause huge bubbles in investments such as property and can have even worse consequences when it is withdrawn after a binge.
The following link to a Moneyweek video tutorial explains simply and clearly how it works and how banks turn £100 into £1000 by magic. Problem is banks have been turning £100 into £4000!
http://www.moneyweek.com/investment-advice/how-to-invest/video-tutorials/video-tutorial-how-banks-create-credit-14200
No comments:
Post a Comment