So said Wayne Walton, founder of the Mountain Hours local interest-free currency and regular Wednesday guest in the last segment of the March 21, 2012 episode of Crash! Are You Ready?
Our current monetary system: “It’s like a dog begging its flea for some of its own blood back”
March 22, 2012 by FauxCapitalist
[...] 2) Our current monetary system: “It’s like a dog begging its flea for some of its own blood back“ [...]
Poor Wayne. Praising the Ithaca cooperative for colluding with the bank. Did they stipulate that all foreclosures and interest payments cease? The flea is just too smart for Wayne.
He or George pointed out, on that episode or the previous one, that the loan was to a credit union, and that credit union is making interest-free loans.
One thing is for sure, if anyone else had to understand exactly how money is created, and how everything the bank says is b.s., and what exactly the bank is doing with the IH, things might actually change rather than putting on band-aids.