The Banco di Monte was started 550 years ago to keep farmers from getting caught up in usury, largely a charitable organization. It took less than 17 years of "lending credit" to destroy this institution. And note the Teuton Angela Merkel says it precisely:
To simply learn the difference between money (and currency) and credit, and then mal-credit and bene-credit, then every step is crystal clear. But the terms were slowly changed over the last 40 years, and people do not want to stray any further than what a smart phone allows.
You have no money. You have credit, which is a claim on assets. The assets are profoundly overvalued, meaning there is practically nothing in the way of assets to match your claim.
Your only hope is to start over now and begin creating your own assets, assets not on anyone's list. Self-employment.
Feel free to forward this by email to three of your friends.
An attempt by Matteo Renzi to use Brexit-driven market turmoil to secure EU approval for Italy’s plans to recapitalise its banks without triggering bail-in rules has been rebuffed by Germany and the European Central Bank.Well, yes, none of this is about money. It is about credit. The reason the masses stand back completely confused is because people normally say "money" when they mean credit, so there is no possibility of people intervening in their own fate, since they have no idea what is going on.
“We wrote the rules for the credit system, we cannot change them every two years,” Angela Merkel, Germany’s chancellor, said on Wednesday in her first public comments since the Italian prime minister floated his idea on Monday.
To simply learn the difference between money (and currency) and credit, and then mal-credit and bene-credit, then every step is crystal clear. But the terms were slowly changed over the last 40 years, and people do not want to stray any further than what a smart phone allows.
You have no money. You have credit, which is a claim on assets. The assets are profoundly overvalued, meaning there is practically nothing in the way of assets to match your claim.
Your only hope is to start over now and begin creating your own assets, assets not on anyone's list. Self-employment.
Feel free to forward this by email to three of your friends.
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