THE PRINCIPLE- The Movie Big Science Does NOT want YOU to see. SEE IT NOW.



The Principle
Results 1 to 4 of 4

Thread: Money -v- Credit: What's the difference?

  1. #1
    Great Value Carrots
    Join Date
    Apr 2010
    Location
    Minnesota
    Posts
    2,467
    Thanks
    1,100
    Thanked 742 Times in 434 Posts

    Money -v- Credit: What's the difference?

    http://www.ukcolumn.org/article/mone...ats-difference
    by
    MIKE ROBINSON
    | Tuesday, 16th May 2017




    https://www.youtube.com/watch?v=EYscR4Va4-A





    What is economy, what is it for and what is the role of money? In this episode of Insight Vox, EIR's Mike Billington contrasts the features of a monetary system with those of a credit system.


    This is the first in a series of interviews which we hope will encourage discussion of economy, national credit and put China's Belt and Road Initiative into context.

  2. #2
    Unobtanium
    Join Date
    Apr 2010
    Posts
    11,252
    Thanks
    1,958
    Thanked 3,783 Times in 2,124 Posts

    Re: Money -v- Credit: What's the difference?

    You have to pay back anything you buy on credit with money... that's the difference.

  3. #3
    Iridium Joshua01's Avatar
    Join Date
    Jan 2016
    Posts
    6,266
    Thanks
    2,802
    Thanked 1,783 Times in 1,277 Posts

    Re: Money -v- Credit: What's the difference?

    This topic is missing the third, and most critical variable....debt! You can't talk about money and credit without talking about debt
    Quote Originally Posted by Bigjon View Post
    http://www.ukcolumn.org/article/mone...ats-difference
    by
    MIKE ROBINSON
    | Tuesday, 16th May 2017




    https://www.youtube.com/watch?v=EYscR4Va4-A





    What is economy, what is it for and what is the role of money? In this episode of Insight Vox, EIR's Mike Billington contrasts the features of a monetary system with those of a credit system.


    This is the first in a series of interviews which we hope will encourage discussion of economy, national credit and put China's Belt and Road Initiative into context.
    If you're offended by any of my posts tough shit!
    "Politicians Are Like Diapers, They Should Be Changed Often, And For The Same Reason"
    If you're not prepared for what's coming it's already too late!
    Niggers will never be satisfied!!

  4. #4
    Great Value Carrots
    Join Date
    Apr 2010
    Location
    Minnesota
    Posts
    2,467
    Thanks
    1,100
    Thanked 742 Times in 434 Posts

    Re: Money -v- Credit: What's the difference?

    Quote Originally Posted by Joshua01 View Post
    This topic is missing the third, and most critical variable....debt! You can't talk about money and credit without talking about debt
    There is no debt if the government issues the money to pay for infrastructure that result in productive facilities.

    Debt only arises when you borrow money.

    The hypothecation of an asset results in credit granted in exchange for debt until the asset is paid for.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •