-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 > > The real reason for its existence is the making of money out of > > debt.
> > The act of borrowing by the federal government causes money to > > spring into existence. > There is no money. The FED does not create money. It creates > credit. All banks "create and extinguish" credit. There is no > money. > What they create (credit) only 'passes' for money. It is not real > money. Real money is gold and silver coin. money is an economic good that enables indirect exchanges, it acts as a medium of exchange, unit of account and store of value. This is entirely different from credit which is deferred payment, loan or debt. The debts of certian organisations may act as money, but the two are not necessarily the same thing. Most debts are not money, but they are denominated in money (money acting as a unit of account and measure of value). One good or another good might be better or worse to act as money, or one orgisation's debts might be better or worse suited to be money, but money is what people accept and use as such. -----BEGIN PGP SIGNATURE----- Version: PGPfreeware 7.0.3 for non-commercial use <http://www.pgp.com> iQA/AwUBPEDmYhNDEcR4nEncEQLeDwCeOtNzWFDStD7MxqT8rI0cYBe6y/AAn3JP ZUfcreRX0ymkEahnWujBlkEH =DooT -----END PGP SIGNATURE----- --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
