Someone who "gets it".Why aren't we marching? Why aren't we shouting that our salaries and wages are being devalued by 14% per year? (Bank of England M4 figures)Nobody understands.99.9% have no idea what money is. They have no idea:

  • That our money is based on debt.
  • That banks create money from nothing when a loan is taken out.
  • That booms and busts are built into the system.
  • That exponentially increasing debt is a requirement just to keep the system running.
  • That inflation moves value from cash to assets; From the poor to the rich (the widening poverty gap... doh!).
  • That house price and stock market increases are just as much inflation as bread prices.
  • That inflation centralises power in the hands of relatively few banks and politicians.

Those who do understand have taken precautions, they are in the markets, and are doing well from the status quo.The best educational video I've seen on the subject is the "Money as Debt" animated video on Google Video. It summarises most of the problems in a 45 minute video which everyone should watch. Primarily focused on the US it's just as applicable here though It doesn't spend quite enough time on the implications of inflation, and decides on socialised rather than a free monetary system.Of course all of this goes against the interests of the banks and the owners of the banks, which now make up 33% of the UK economy.As to the amount of money needed... Well you need just enough to pay a penny for a penny chew.

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