LibertyGal on Nostr: Worse than nothing. It is backed by debt, so there is not enough money in existence ...
Worse than nothing. It is backed by debt, so there is not enough money in existence to pay back the debt plus interest. This means all of the wealth in the world is slowly being transferred to the bankers through interest payments removing the wealth we think we have. Money created out of nothing would be much less harmful.
Published at
2024-08-26 14:59:22Event JSON
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"content": "Worse than nothing. It is backed by debt, so there is not enough money in existence to pay back the debt plus interest. This means all of the wealth in the world is slowly being transferred to the bankers through interest payments removing the wealth we think we have. Money created out of nothing would be much less harmful.",
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