I find that most people do not understand how money and credit work, how it came to be, and why the economy functions as it does. These are basic concepts that aren’t really taught in school. It’s amazing that when you try to explain these things to people, their eyes glaze over and they are not interested, despite the fact that virtually everyone living in a capitalist society has to handle some form of money.
I think most people would be amazed if they found out that banks create money out of “thin air”, most would even disbelieve the concept. Banks create money out of debt. When you go to take a loan from a bank, you are not borrowing on someone else’s savings, the bank is basically printing the money on demand. Our economy survives because people are in debt. If all debt were to be repaid, there would be virtually no money left. It boggles the mind.
The following video “Money As Debt” breaks down how our money system works in simple terms, that is easy for anyone to understand. I believe everyone should watch this video at least once to gain a basic understanding on how the monetary system works, and what it means for you and your family. This video simply lays out “how it is”. Enjoy.
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…or How to sell everything you don’t need for cash-money!
I hate ebay. I’ve been burned so many times before on ebay, from scams to broken goods, that I refuse to use it. But how do you sell all that junk you don’t need anymore? In this post I will describe some useful techniques to sell all the stuff you don’t need or want using social and local web sites. I deal in cash only, local pickup sales. I meet face to face with the buyers in a public space and never get scammed. It may take a little longer to sell your stuff, but its worth the wait when you get a motivated buyer willing to pay cash and pick up the item.
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