Money is printed, this is true. The fractional reserve system that we have adopted here in the USA makes it so that the banks can borrow from the Fed (which is actually not a governmental agency, by the way) and they only have to have a small percentage of their reserves on hand to back whatever loans they have made to consumers and businesses.
This, however, wasn't my point. It's not so much where the money comes from, as we all know this already. My question has more to do with where it's going and who it is going to, not where it came from.
The easy part is saying where it came from and extrapolating a theory based on that. The hard part is knowing where it is going, to whom, and why. Until you know this, then I say you haven't really uncovered anything of significance.
By the way, Greece went down because it produces almost nothing as a nation and has some of the most generous benefits of any EU partner. They simply couldn't afford to keep paying out more than they were taking in. Socialism does that to a country. Look at the bang up job Hugo Chavez has done to his nation's economy if you don't believe me.
It's not a conspiracy, it's called fiscal mis-management.
This, however, wasn't my point. It's not so much where the money comes from, as we all know this already. My question has more to do with where it's going and who it is going to, not where it came from.
The easy part is saying where it came from and extrapolating a theory based on that. The hard part is knowing where it is going, to whom, and why. Until you know this, then I say you haven't really uncovered anything of significance.
By the way, Greece went down because it produces almost nothing as a nation and has some of the most generous benefits of any EU partner. They simply couldn't afford to keep paying out more than they were taking in. Socialism does that to a country. Look at the bang up job Hugo Chavez has done to his nation's economy if you don't believe me.
It's not a conspiracy, it's called fiscal mis-management.