In this age of panic over the sovereign debt crisis and the fiscal cliff and the debt ceiling negotiations, we are bombarded with talk of government money printing and images of the printing press, but how many people know that only a tiny fraction of money in the economy is actually in the form of bills or coins? And if money isn't, for the most part, literally printed into existence, then where does it come from?
In a system where money is created by bankers out of our own promise to pay them back, at interest, it is self-evidently always the case that more and more of the hard assets and real value of the economy will be transferred from the working, productive classes to the financial speculators at the top of the system who literally create the money and toy with the credit that is our economy's lifeline. Given all of this, is it at all surprising that we have arrived at this situation where economic crises are followed by multi-trillion dollar bailouts of financial institutions while more and more people fall into debt, foreclosure and unemployment?
It is enough to note that at times it is the simplest questions that turn out to be the most difficult for many to answer, and if we are being told not to ask such questions as what money is or where it comes from, perhaps there is a reason that the powers that be don't want these questions being contemplated.
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