Question
– Can anyone see what may be wrong here…?
A small
group of very rich men get to together (for argument sake let’s call them “The
Federal Reserve”) and decide to create a currency…
Ten one dollar notes are printed and lent to 10 individuals…
$10…
In return the Fed ask the 10 individuals to return their $1, but with 10% interest…
Which would amount to $11…
Ten one dollar notes are printed and lent to 10 individuals…
$10…
In return the Fed ask the 10 individuals to return their $1, but with 10% interest…
Which would amount to $11…
It's a simple equation…
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