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Thread: Debt: The First 5000 Years by David GROEBEL

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  1. 01-12-12, 12:11 AM #3
    David Merrill
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    Quote Originally Posted by Noah View Post
    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.


    Last edited by David Merrill; 01-12-12 at 12:18 AM.
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