Ok, everyone has savings earned as much labor time, all we keep our savings in the bank, believing them to be safe. But let's see what does the bank with our hard-earned money.
We assume that everything is a debt...
In fact the argument is not complex. One of the secrets of the success of this monetary economic system lies in its banality, so simple that it's easy to escape the mind. When talking about public debt we speak the same debt that you conceive very well about buying a washing machine in installments. It 's the same thing. No one is owner of his wealth and his wellbeing, he of his health. It 's all paid, all in debt, worldwide. The more a nation is rich plus its debt is high. And 'as if this house was forbidden to own something and it was mandatory to have everything in loan in installments and with interest. In such a world who has more things as a result it has more debt..
Seigniorage is only a small part of this system, although in the last decade they have exasperated the limits so that the bank seigniorage has become a lot. We continue to use this term to summarize the concept of privatization of money and gain that private banks such as the ECB and the Federal Reserve will derive distributing it, now on loan and debt...
In very simple terms:
-Real money and debt..
I take gold, all my gold stocks and since I can not run with bullion and buy sell gold blocks decide to print so much money how much gold I have. If I lend this money to you and you do not give it to me back, you with that money you can buy as much gold as true. So I lost us the value equivalent to the value of money I lent you. For example, I lent you € 10,000? If you do not back me, I lost them from us exactly € 10,000.
-Today, however, works well.
I take post-its, say 1000 post-it and pay them a total of 10 €.
Then on each post-it do to print a figure in Euros, say 10 €. (Nominal value)
I will soon post it to you in 1000 for a printed value of € 10,000. But I did not put in those post-it € 10,000 of my wealth, but only 10 € more ink and work ... we assume approximately € 20. (Intrinsic value)
If you do not give me back the post-it that I lent you, I do what I lost nominally? € 10,000, but really? € 20.
I obviously do the mad game like you I had stolen 10,000 €, but inside I'm angry really only for the loss of 20 €.
The Argentina at the time of the financial crash said to all its debtors, "we know that the debt is virtual ... we want to talk about it in front of everyone or we ignore it and keep playing until they are calmed the waters?".
Iceland Idem: "we decide not to pay you € 4 billion." If you truly England had lost 2 billion euro (and other 2 billion the Netherlands) it does not would be good at them as if nothing had happened. Wars have been fought and extermination of peoples for much, much less. Because? Simply because the banks and the British kingdom have not lost four billion really is, but only a microscopic part of them.
Now the question is: BELIEVE THAT YOUR MONEY IS SAFE IN THE HANDS OF THESE PEOPLE ?? BELIEVE THAT HAVE A REAL VALUE? THINK YOU ARE CRAZY TO INVEST IN CAPITAL PROJECTS HOW STEEMIT? to you the answers ..