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Governments do not generate money. They do private banks seeking benefits


By content - Posted on 08 June 2009

Many people criticize the fact that governments mutual funds pay interest on the use of their money, which central banks create "from scratch". This makes a nation's economy depends on the interest that the private bankers, which create money for the sole purpose of earning money for their employees and shareholders, without any social obligation, which is assumed by government agencies.
Some theorists are critical of the monetary reform investment of the CEO of existence of global financial institutions like the World Bank and the International Monetary Fund and its policies on money supply, banks and the debt of developing countries, in which means for these theoretical Inc being a situation of forcing extortion for those countries which have no capacity to pay interest on these loans without severely affecting the wellbeing or even survival of investment funds local populations. Thus Third World governments are forced to sell raw materials on world markets to repay their debts, destroying their societies and their environment.

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