Money does not grow on trees

Last Update: October 29, 2020

Money grows much faster than leaves on trees. It's typed

When you go out for a dinner at a nice restaurant and then pay with your credit card: the bank wasw not sitting by with a bunch of credidit card dollars. You just created money out of thin air.

The restauraunt can't tell the difference.

Any money in your account is immediately taken (90% is legal) to lend to other people. You never notice because the bank leaves bvehind bank credit which is totally legal. Money from nothing over and over.

Garry.

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JeffreyBrown Premium
Get your money for nothing and your chicks for free! ~ Dire Straits
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GarryJam Premium Plus
That line is virtually burned into my brain, and Sting had no right.
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TWaugh1 Premium
Quite interesting, something to think about.
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GeoffreyC1 Premium
True
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LatinNomad Premium
Interesting post Gary. Thank you. Here is a tip re so called credit cards:

Think of credit cards as debt cards to reduce the amount the bank creates!

Have a great day.

Trevor
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DianeK59 Premium Plus
True. Money used to be backed by gold. Actually, in many years gone by, salt was legal tender. But today, money is more virtual than many realize.
Interesting post, Garry!
Diane
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GarryJam Premium Plus
EXACTLY!!!
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GarryJam Premium Plus
Gold; but it is difficult to transact. And that's deliberate.
Garry.
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