#Money as Debt ===>> LINK
An Analysis of the Root Instability of Our Money System
The solution to the problem is to expand the concept of money to include
“promises of something specific from someone specific.”
3) Human #Society ===>> LINK
“The middle class tend to work for someone else. They have a job. A career. Upper middle class tend to be self-employed. They own a job. The rich tend to own the business. They own that corporate ladder that the middle class are busy working up. The rich understand that they need more people working for them to earn more money. The rich understand the power of passive income.”
4) #Dollar Collapse ………. LINK
Many in the U.S. Intelligence Community fear a 25-year Great Depression is unavoidable…
Jim Rickards fears he and his colleagues’ warnings are being ignored by US political leaders and the Federal Reserve, and they’re on the verge of entering the darkest economic period in US nation’s history. ===>>
6) Global crash to be included in new economics A-level ====>> LINK
#Neoliberalism ====>> #নয়াউদারীকরণ মতবাদ ……… LINK
The beneficiaries of neo-liberalism are a minority of the world’s people. ….
Around the world, neo-liberalism has been imposed by powerful financial institutions like the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank. …..
The main points of neo-liberalism include:
i) THE RULE OF THE MARKET
ii) CUTTING PUBLIC EXPENDITURE FOR SOCIAL SERVICES
v) ELIMINATING THE CONCEPT OF “THE PUBLIC GOOD” or “COMMUNITY” and replacing it with “individual responsibility.”
8) #Money Creation …. LINK
Many people would be surprised to learn that even among bankers, economists, and policymakers, there is no common understanding of how new money is created.
REDESIGNING MONEY FOR WELL-BEING AND HAPPINESS ===>> LINK
… Fractional reserve banking is the practice of issuing paper notes in amounts, which exceed the value of the stores of gold, silver or other inherently valuable assets they represent. This means that private banks that exceed the value or even physical asset, which supports the loan, can issue loans. In the United States as in most other nations, issuing paper money in parallel with gold reserves became too limiting. In 1971 US President Richard Nixon relaxed the need to tie money creation to US gold reserves effectively allowing unlimited amounts of debt-money to be created.
As Frederick Soddy noted “Money now is nothing you get from something before you can get anything.” Today, as former Canadian Bank of Canada Governor Graham Towers noted, new money is created with each new loan or credit private banks create through simple book-keeping entries, backed by no real assets. It is like magic. There is effectively no limit to how much debt-money can be created; the only limit is the capacity for the economy as a whole to service the growing and unrepayable mountain of debt from the cumulative amount of all loans and credit created (i.e. the total outstanding debt). ….
10) Experts say, the remittance inflow of Bangladesh will be double if, and only if our existing manpower learn the language of the country they work in.