August le Blanc
So they are creating more MONEY of Account at their whim which is DEBT... so are we not talking of the same thing they just do a reach around when your head is turned...
A cheque is a promise to pay but it is still money of account regardless how much more money of account they create from it
Until you hold it your hand or have it stuffed in your mattress... It is all money of account until you convert it to money of Exchange.
I do not have a credit card I have a debit card.... Big difference... you go into debt using a credit card and you use credits with the debit card....