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Originally Posted by Colin  Ah, money can be such a nebulus thing.
You are incorrect in stating that money can never be created. Your central bank (the Bank Of England), and most other central banks (such as the European Cenral Bank and the Federal Reserve Bank in the US), can quite happily create money right out of thin air each and every day. Such is the wonder of living in a world of fiat currencies and fractional reserve banking systems.
It is a fascinating subject, and you might find a book such as 'The Creature from Jekyll Island' by G. Edward Griffin enlightening.
Alternatively, watch Aaron Russo's latest movie: 'America: Freedom to Fascism', where he takes an indepth look at the Fed and what a fiat currency such as the dollar has gotten us. You can watch the full movie free on Google video here (link is approved and sanctioned by Aaron Russo and appears on their offical website). |
That's absolutely correct. I have a friend who works for the US Federal Reserve bank. They incinerate millions of dollars daily to make way for new currency and thwart counterfeiting.
Money's just paper. It's the mindset that makes you wealthy. And there's no limit to that.