This Bill of Exchange came to mind when I heard somebody seriously speaking of Global Jubilee.
One valid description of Jubilee is by the Club de Paris.
...an informal group of official creditors,
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This Bill of Exchange came to mind when I heard somebody seriously speaking of Global Jubilee.
One valid description of Jubilee is by the Club de Paris.
...an informal group of official creditors,
Fascinating. Hey, can I use that BOE to pay my mortgage? I mean ... the bank easily created some Fed Reserve credit for me, how hard is it to create some virtual money to payoff a mortgage?
I don't think so. It is inverted money. Money as we know it is debt. Sovereign debt of governments and the BoE is wealth/energy.