How does peasants depositing money with Govt equate to Govt print money? You mean Govt pay interest equal printing?
Originally Posted by
Arcachon
I ask my friend, Do you know who print the money ? and was surprise he tell me Government.
I say No, the Bank print the money, the government control the money.
Now the Government is also going to print money by selling SSB Bond.
Huat Ah.......
What happen to Greece can happen to any country that let the government do what they want.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.