contents      

Introduction.

Public debt.
Minted paper (NZ's bank notes).
Monetizing debt.
Money as paper (fiat money).

NZ's central bank.


Private banks.
Fractional reserve lending.
Compound interest.
The exponential growth of debt.

Inflation.
The Official Cash Rate.
Buying power.
Inflation tax.

What is money?
Gold and silver.

Quotes.
Acknowledgements.
papermoney.co.nz | money as paper
01 | Introduction




"Dear Prime Minister,

 where is the vast of amount of savings that the central bank (lender of last resort) has to lend
 it's (25.2) vast amounts of money from? Also how much does the NZ Treasury hold in savings
 at present and in what form?"

 Yours in gold and silver coins (not having to use "the Governments currency" exclusively)

 the nations taxpayer.







Author: Dean Bonkovich

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