Tuesday, March 27, 2012

Banks, debt creation, and the financial takeover | eats shoots 'n leaves:
"This is the clearest explanation we’ve heard yet of the mechanisms used by politically powerful financial institutions to capture both public and private wealth.

"The fundamental principle: Creation of money by banks in the form of debt allows banks to use compound interest as a mechanism to capture the commons, while government creation of money through investment in public infrastructure and services creates wealth."

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