Wednesday, August 28, 2013

It's Amazing How One Common Denominator in the Middle East Wars is Ignored – the Only nations left there with their Own Central Banks are Syria and Iran.

It is common knowledge that the entire western world is as near as dammit to total bankruptcy, with only two other political entities still operating with their own central banks (and in the black) the US State of North Dakota and South Africa. It's also common knowledge that "only a war" can get us out of the current global debt trap... An internal, publicly-owned central bank issues the nation's currencu, sets the repo and interest rates and monitors the money supply needed to drive the economy, which is the ease of access of product from manufacturers to consumers using 'money' as a medium of exchange. Both the nation's businesses and government borrow from the central bank, and any interest incurred is returned to the national fiscus and spent on service delivery and the business of government, which is the well being of its citizens.



Read more about It's Amazing How One Common Denominator in the Middle East Wars is Ignored – the Only nations left there with their Own Central Banks are Syria and Iran.

No comments:

Post a Comment