Glossary

Note: This page is under construction.

banks (different types: commercial, investment, central…)

Bretton Woods:

Chicago Plan for Monetary Reform

Debt

  • self-liquidating debt: generates future income, from which interest is serviced and principal repaid, like an investment in a productive business or efficiency measure.
  • non self-liquidating debt: generates no future income.  Examples would be loans for vacations and even mortgages (holders rely another income source to pay the debt.)
  • TCMD (Total Credit Market Debt):


Debt free money

debt-money system, also sometime called the debt-based money system:  All modern economies need a system of money to provide a means of exchange between its people acting as producers and consumers of goods and services.  The money for every sovereign nation needs to come from some type of money system.  Since 1913, when Congress passed the Federal Reserve Act, the private bankers of the Federal Reserve system have created all our money –as debt–whenever some person, government or organization takes out a loan, and ONLY when they take out a loan.

There is no money in the bank to lend out when you walk in looking for a loan. The money only comes into existence at the point that the banker makes a deposit to your account and you sign a promissory note to pay back that amount to the bank with interest, and you sign a form of securitization that provides the bank with the ownership of the asset that is being purchased. Be it a house, car, furniture, boat or gold coins. The bank creates and lends you the money to buy each of them on the spot, and owns them until you pay back the loan(or if you fail to pay back the loan).  This is difficult for many people to understand. But this type of system, where all money is created as a debt that enters the economy as a bank loan is the debt-money system.

Federal Reserve:

fractional reserve banking:

greenback:

Jekyll Island:

money:

monetary system:

Q factor:

quantitative easing: