Post Number: 155
|Posted on Wednesday, February 20, 2008 - 3:11 pm: |
Many thanks, Roberto for the great web sites you give us. I intend to search the site one day and try to list them all. Especially the Argentina gov web sites you come up with.
I understand what causes inflation, how our money is created since we went off the gold and silver standard, and that the "money" they have loaned people never existed until it was "created" by the central bankers when it was entered on a ledger sheet. It is not money that something was produced for or that anyone ever deposited. This is what prompted my question. Putting that all together, I wonder if the banks really lose anything since the money never existed to start with.
I might not have been clear. If the answer is in the web site you sent, I will read it asap. Thanks again. Arial