The Gap Between Rich and Poor Explained in 3 Minutes

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Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
The Gap Between Rich and Poor Explained in 3 Minutes

http://www.financialsense.com/contributors/dominic-frisby/2011/09/23/the...

 

 

 

doorwarrior's picture
doorwarrior
Status: Silver Member (Offline)
Joined: Oct 13 2009
Posts: 166
I really liked the video. It

I really liked the video. It pretty much layed out the system we are struggling under in a way almost everyone can understand

 I am a bit confused about the author saying that money is created by governments. If this were true then then the US gov.(all governments) would be completely debt free and would not need to issue bonds or treasuries.

I know that the FED is a private corp. where only large banks may be shareholders. I assumed this was true of all central banks, please correct me if I am wrong.

Rich

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