How is borrowing money based on fraudulent claims of asset value and future income any different from counterfeiting money?
Let’s compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a p…
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Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Our Counterfeit Economy
by Charles Hugh Smith • • 0 Comments
The U.S. economy is in effect a counterfeit economy, living on money created from thin air that is unbacked by an equivalent productive expansion of surplus value.
Yesterday we looked at counterfeiting and money printing and discovered they are on…
Charles Hugh Smith
Counterfeit Money, Counterfeit Policy
by Charles Hugh Smith • • 0 Comments
What is the difference between printing money and counterfeiting? There is none.
Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundame…
