Hi John, greetings to you, too, and thanks for the explanation,
(You wrote:-) Interest rate is amount charged for use of money, divided by
the principle, expressed as a percentage. Once upon a time it was real
money that was lent. Nowadays it is simply figures created in the bank's
computers. No "real money" involved. Anything divided by nothing
equals infinity.
And this leads me to ask how you would define ''real money''? Does
the fact that a 'banknote', say, isn't created "out of nothing", but involves
having some special paper and coloured ink to give it tangible form, somehow
mean it's to be treated differently when deposited into your account at the
Bank in regards to receiving interest on it than those "figures
created in the Bank's computers" that also find their way there?
Regards,
Joe
Re: [socialcredit]
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