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Piccalilli Pit
Garys Economics
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Comments by "Piccalilli Pit" (@piccalillipit9211) on "What is Money?" video.
I CAN NEVER GET PEOPLE TO UNDERSTAND National Debt is just a way of giving money to RICH people, that's why the Tories always moan about it - but jack it sky high And the city of London creates £1 trillion of entirely FAKE GDP. Moving £100k from account A to B is the same in GDP as selling a £200k Porsche. But the Porshe creates £40k in VAT alone
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MONEY IS TO AN ECONOMY what oil is to an engine - it actually does nothing to drive the car forward its not pistons and fuel, but it LUBRICATES every other component allowing IT to work. And just like a car engine - you have to take the oil from the TOP of the engine [tax] and put it back in the bottom for it to recirculate and keep things moving. If you don't, the engine seizes. The RICH are an oil leak in the engine - siphoning off valuable oil, instead of fixing the leak the govt of the UK and the USA are simply topping up the engine with NEW oil constantly, quantitative easing.
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