Tag Archives: Monique Terrazas

Where Does Your Debt Come From? (Part 2)

Mike Hampton Posted on by

The Situation in South Africa How do these practices in the global financial system impact South Africa? South Africa has one of the most advanced financial systems in the world which is why we survived the global economic crisis better than most developed countries. But this does not mean there is nothing to be concerned about. The fractional reserve system is used extensively in South Africa. According to Russell Lamberti, writing on the blog of the Mises Institute South Africa: “Since 2000, the SARB [South African Reserve Bank] probably printed … Read the full article…

The truth may be bitter but sharing it is sweet!

Where Does Your Debt Come From? (Part 1)

Mike Hampton Posted on by

The average person in my home town of Knysna cannot comprehend the money system. It has been so drummed into their consciousness that a good citizen saves money in a bank who in turn charges them interest for keeping it…even though the banks are using their money to make more money which is not fairly shared with them. How can a bank loan your money it does not have? How did so many pensions take a tumble even though the people holding the pensions made a profit? Want a good … Read the full article…

The truth may be bitter but sharing it is sweet!