“Trillions were created so that a system choking on existing debt could issue more debt. But you can’t lose sight of the creation process, created isn’t ‘out of thin air’, it’s never out of thin air. Created is loaned into existence. We are issuing debt in order to transfer debt in order to ‘free up credit’ which basically means to create more debt. This is how our monetary system works.” – Post comment by “kridkrid”, at Zero Hedge
Jim’s Quote of the Day:
