Author: Tim Sweeney

Economics

The U.S. Treasury Bonds and the $36 Trillion Debt: A Financial Ponzi Scheme in the Making

When the U.S. Government needs money, it turns to Treasury Bonds—a financial instrument that represents an obligation or promise to repay. But what does this really mean? In essence, the government is creating a contract with lenders—also known as creditors—to borrow money now with a promise to repay the borrowed amount plus interest in the future. Simply put, the government is asking, “Hey, we’re broke, … Continue reading The U.S. Treasury Bonds and the $36 Trillion Debt: A Financial Ponzi Scheme in the Making

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Banking

The Illusion of Wealth: How Paper Money Shapes the World

Paper money, in its most basic form, is just that—paper. On its own, it has no intrinsic value for those who choose to save in it. The only reason paper money holds any value is because it is widely accepted as a medium of exchange in the economy. But beyond its physical form, paper money also exists in digital form as credit, represented by numbers … Continue reading The Illusion of Wealth: How Paper Money Shapes the World

Unknown's avatarTim SweeneyLeave a comment