A UK Personal Finance Blog – The result of direct exposure to the fallout of the financial crisis.


A Simple Explanation of The Basic Monetary System


Find in Amusing October 14th, 2009 - 702 views

It is the month of August, on the shores of the Black Sea. It is raining, and the little town looks totally deserted. 
These are tough times, everybody is in debt, and everybody lives on credit.
Suddenly, a rich tourist comes to town.
He enters the only hotel, lays a 100 Euro note on the reception counter, and [...]

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