Donate to JF Business Ventures
If You Love The Content Provided On The Rational Theorist and You Want To Contribute, then feel free to donate money, which will help get my company "JF Business Ventures" up and running and thereby the goal of bringing future innovation and technology to the masses. Not only will your donations be greatly appreciated, they also will go to the excellent cause of making the world a better and more hi-tech place for all humanity one project at a time. However, regardless if you donate or not, I must say thanks for taking the time to read/listen to my blog and hopefully you’ll learn many valuable things from it which will stimulate your thoughts and ideas about the world. $-]
Tuesday, October 7, 2008
This link contains additional explanation of how US banks work: MachinesLikeUs - Money Myths
The gist of that is banks make money out of debt by virtue of the fact that people take out loans that have interest rates attached to them.... more specifically, our government's money is currently backed by 90% debts that can never possibly be paid off (IOUs) and 10% gold, and that ratio just gets adjusted for inflation as necessary.