Quote:
Originally Posted by DaiNasty
Every western economy seems to be borrowing money hand over fist. But where does that money come from?
Can anyone point me to a simple explanation of this system as it seems to me as a financial innocent that there must be a magic money tree somewhere.
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Somebody posted a link to an excellent documentary a month or so ago. I just can't remember who it was, what site the video was on, or which thread they posted in.
It is just over an hour long and explains how the system works, and how it began to be the way it is (basically why banks are allowed to invent money and lend it to us, legally, whereas we can't buy a printing press and invent our own money without going to jail).
If anyone else remembers where this video is to be found, please post - I still need to watch the last 10 minutes or so. Wish I could remember!