Posted by: Martin | April 10, 2009

G20 – rewarding the rich

G20 has kindly decided to give $1 trillion to the IMF and the World Bank…who will loan the money to the poorest communities in the world. These commnities will need to repay the loans with interest, which the IMF and worldbank will keep as their profits.

Credit is a dysfunctional form of money; it is money issued in parallel with debt. When people understand the diffence between money and credit, then we can start to tackle the debt debacle.


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