Meziechi: You are one of the few people on Medium or elsewhere willing to point this out.

My understanding of monetarist economics is that since 2008, each western governments has set up a federal bank to loan money back to the federal government. This makes the government both the debtor and creditor, both interest payer and interest receiver. In other words, there are no more real lenders anymore. In other others words, there is no real printing of money anymore, but the supply has increased.

Maybe I'm right, maybe wrong. But money has an arbitrary value. When confidence in that value is lost, it becomes worthless. All this funny money can't last forever.

Dave Volek is the inventor of “Tiered Democratic Governance”. Let’s get rid of all political parties! Visit http://www.tiereddemocraticgovernance.org/tdg.php

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