- Published: 27.02.2015
- Written by Tore B. Krudtaa
In 1913 the congress of the United States approved a bill which resulted in a lot of negative consequenses for the national and private economy. In short: It was decided that a privately owned cartel of banks should have the responsibility of the money-printing process. That was not all, the same cartel could now demand interest from the money they printet.
What most people are not aware of, is that before this point in time, the state had in fact printed it's own money and borrowed the same money, interest-free, to various projects. Actually with great success.