Jimmy Dore is close to understanding the monetary system and just needs some coaxing to get over the finish line. The national debt isn’t as big of a deal as everyone makes it out to be. The Federal Reserve is a public institution. The interest on the “debt” held by the Federal Reserve gets paid… Continue reading Jimmy Dore Sounds Alarm on Accelerating National Debt! Does the national debt even matter? (Ep.131)
Tag: treasury bills
Banking Without Usury: A Thought Experiment (Ep.111)
In a financial system where we have a banking system that generates money out of nothing, what is the purpose of borrowers paying any interest at all? What is the societal purpose of banks to begin with? If usury is wrong at any level, even at a 1% interest, how could we have a banking… Continue reading Banking Without Usury: A Thought Experiment (Ep.111)