Wealth to Debt

Wealth to Debt Once, the more money we had, the more wealth we had. Now, the more money we have, the more debt we have. “Note that although the system of fractional-reserve banking creates money, it does not create wealth. When a bank loans out some of its reserves, it gives borrowers the ability to…

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What is wealth?

What is Wealth? Wealth = Innovation + Raw Resources + Labor    That’s also why silver worked; as well as sea shells, coffee beans, furs or tobacco. They were all examples of wealth based money – not simply barter, but used for money. So, you see, we don’t have to use gold to have a wealth based money…

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