acudoc

How the Fed Is Making Banks Lend

One minor, teensy, weensy little question: since in our glorious, debt-based monetary system in which currency is created ONLY by people or enterprises going into debt to the private banking cartel who create the medium of exchange ex nihilo, what happens if no one wants to go further into debt?

Whoops.

But by all means, continue re-arranging deck chairs on the Titanic.