Fractional Reserve Banking
May 13. 2016 by Bojan
It is the reason why financial industry is dramatically stronger than any other industry. They are lending you money that doesn’t exist. Numerous people will never get rich, because they don’t understand money. Understanding monetary system will help you be more in favor of the risks.
Understsnding the power and worthlessness of money at the same time, will help you comprehend the value of labour, and how it is much more valuable than money. Understanding how systems are critical to the value creation, and how to build them.
Numisticism – it’s like mysticism behind the money.