@daviddouthit.bsky.social
Everyone should listen to this!! www.youtube.com/watch?v=LQTu...
William E. Rees: "The Fundamental Issue - Overshoot" | The Great Simplification #53
YouTube video by Nate Hagens
www.youtube.com
March 9, 2025 at 8:55 PM
Everyone should listen to this!! www.youtube.com/watch?v=LQTu...
@banking.bsky.social Per the Federal Reserve Bank of St. Louis as of the 3rd quarter of 2024 the total combined debt,personal, government, and business, is 101.3 trillion dollars! It is increasing at roughly 1 trillion dollars a quarter!https://fred.stlouisfed.org/series/TCMDO
February 3, 2025 at 12:55 PM
@banking.bsky.social Per the Federal Reserve Bank of St. Louis as of the 3rd quarter of 2024 the total combined debt,personal, government, and business, is 101.3 trillion dollars! It is increasing at roughly 1 trillion dollars a quarter!https://fred.stlouisfed.org/series/TCMDO
@banking.bsky.social When you charge interest on loans you create a "Ponzi Scheme"! Because money needed to service the debt was NOT created at the time of the loan! Thus you require an expanding amount of debt to create the money needed to service the preexisting debt!!
February 3, 2025 at 12:49 PM
@banking.bsky.social When you charge interest on loans you create a "Ponzi Scheme"! Because money needed to service the debt was NOT created at the time of the loan! Thus you require an expanding amount of debt to create the money needed to service the preexisting debt!!
@banking.bsky.social Currency is printed by the Federal Reserve Bank. Money is created in the form of debt by either commercial banks, home loans, car loans . credit cards, business loans, etc… or the Federal Government (deficit spending)!
February 3, 2025 at 12:45 PM
@banking.bsky.social Currency is printed by the Federal Reserve Bank. Money is created in the form of debt by either commercial banks, home loans, car loans . credit cards, business loans, etc… or the Federal Government (deficit spending)!
@sustainble-banking.bsky.social Does everyone understand the difference between currency and money?
February 3, 2025 at 1:33 AM
@sustainble-banking.bsky.social Does everyone understand the difference between currency and money?
@banking.bsky.social
Does anybody understand the difference between currency and money?
Does anybody understand the difference between currency and money?
February 3, 2025 at 1:10 AM
@banking.bsky.social
Does anybody understand the difference between currency and money?
Does anybody understand the difference between currency and money?
February 3, 2025 at 1:07 AM