Friends, a recent article in The Guardian exposed the world to something that many of us had known for ages: money is just an IOU, it has no relationship with actual value of any kind.
It’s just a social convention.
That in itself is not a problem, not really.
But the added revelation (that many of us also already knew) that it’s not the government who decides how much money is in circulation, it’s actually the banks that do that, creates potential for massive abuses.
Abuses that I’m pretty sure are already happening, and have been for a while.
Here’s how it works.