SOS What is Money

Money

Then: Tangible (gold, silver, money with gold as backing)

Today: Intangible (digital figures in a computer screen)

Then: 1971 gold lifted as official reserve by President Nixon

Today: In name fractional system is use but in reality, it is manipulated, bank holding co can raise money via equity, bond and other commercial paper and injected into its subsidiary bank, which in turn will lend the money out.

As a result of the "loose" regulation, most assets are inflated (all types) via loose debt created (good and bad) and further gear up via DERIVATIVES.

The figures is beyond repair, period.

So, when trillions and trillions of IOUs turn bad, it will evaporate from the MONEY SUPPLY SYSTEM, way more than the Fed can moneytize the financial system. Think about it.