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Economic Capture - Money Power in the World

Mar 15, 2010 7:46 pm

re: Economic Capture - Money Power in the World

John Stone

Very Interesting. Gentlemen you seem to be very well informed and articulate on this subject. I don't feel I'm on the same level as you, please help me understand.

Reading the posts, this is what I conclude.

Our current money is backed by nothing and the current monetary system only works if there is debt. When a person signs for a loan, say 100.00. The bank issues a piece of paper that tells the person they owe 100.00 plus a usury. The 100.00 is created out of thin air, because it has no backing with precious metals, but the usury is not created thus leaving the system short?

John

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