Category Archives: Money

The Budget – Housing

Yesterdays budget yet again demonstrated that the government really has little idea of what is causing our problems or any ideas of what to do about it. With £1 trillion in debt we get a budget with headlines of 1p … Continue reading

Posted in Collapse, Critical Thinking, Money | Leave a comment

Money Creation Alternatives

My previous posts highlighted how over 96% of our money is created as debt when private banks make loans. Since these loans incur interest the only way they can be paid off is if the money supply increases and thus … Continue reading

Posted in Money | Tagged , | Leave a comment

Money Creation – A Historical Perspective

A recap on the last post. Over 95% of our money (all the electronic money) is created by private banks (for profit) through the creation of loans. The Reserve Ratio was abandoned (per the Bank Of England website here – … Continue reading

Posted in Money, Uncategorized | Tagged | Leave a comment

How Is Money Created ?

Do you ever think about where money comes from ? It’s not like people growing stuff, making stuff and selling it somehow produces money. Money is merely a method to allow us to facilitate trade. It needs to be created … Continue reading

Posted in Critical Thinking, Money | Tagged , | Leave a comment

Money

Ever thought about how money works or what it is ? £ – “Pound Sterling” – it used to be a pound of sterling silver and you could have gone to a bank and asked for your silver. You may … Continue reading

Posted in Money | Leave a comment

Lordy World – FIAT Currency

The bankers notices that as the economy has evolved absolutely no one ever comes and redeems PHLs. There no longer seems any point since they can just deposit them and earn interest. PHLs have been so successful people are no … Continue reading

Posted in Money | Leave a comment

Lordy World – Compound Interest

With time our Bankers notice that often loans aren’t paid back on time. They decide to reflect the different times taken to repay they should charge interest rather than a fixed fee. The depositors hearing of this move demand a … Continue reading

Posted in Money | Leave a comment

Lordy World – Fractional Reserve Banking

PHLs prove a great success. Most people deposit their week of time and the money supply stabilises. Few see any need to redeem PHLs, instead they work for someone else to earn PHLs or have a business that sells something … Continue reading

Posted in Money | Leave a comment

Lordy World – Introduction

Despite believing I had a good understanding of money this exercise took far longer than I expected largely because I tried to think it through with a simpler case “Lordy World” but as I explored the implications of the features … Continue reading

Posted in Money | Leave a comment