August 01, 2013

The Financial System Doesn't Just Enable Theft, It Is Theft

They're robbing you blind! Wake Up People!
It is painfully self-evident that our financial system doesn't just enable theft, it is theft by nature and design. If you doubt this, please follow along.
Inflation is theft, but we accept inflation because we've been persuaded it benefits us. Here's the basic story: our financial system creates new credit money (i.e. debt) in quantities that are only limited by the appetites of borrowers and the value of assets they buy with freshly borrowed money.
(charleshughsmith.blogspot.co.uk)

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