This site is English – get used to it…

Posts tagged “banking

Who has all the money?

I have money in my wallet and money in the bank. We all think that we know what money is and how to use it to buy goods and services, but do we really understand the world financial system. It does seem to have become very complicated. Governments around the world are complaining that they are not only broke, but trillions in debt. What’s going on? (more…)

Advertisement

Money | Fractional Reserve Banking

Money - Seeing the future

Imagine that we are on an island and I’m a banker; it’s not that far fetched. There are 50 people on the island and we use bottle tops as money. I’m borrowing this idea from a finance writer because it’s simple.  Banking and monetary systems aren’t simple however; so bear with me.  (more…)