Millennial Financial Intelligence
It’s been often explained that when banks make a loan, they are basically creating money. Many people still think that money is created backed with some type of asset that has value, but the reality is that the current financial environment we live on is very different. In fact, there’s really no limit on how …
During a European Parliament debate about single supervisory mechanism for the banking union, Godfrey Bloom former UKIP Member of the European Parliament (MEP), clearly explains why the current banking and monetary system is a truly a scam for the tax payers. Godfrey Bloom is a libertarian author with many books published on both military history & Austrian School Economics. Often considered as a …
In a simple definition, money is the way we get the things we need and desire. Money helps us to trade goods by acting as a medium of exchange. Before money existed, if you had apples but needed fish, you must find someone who not only had fish, but also had the desire for apples. …