Money Is Debt: A Dollar’s Promise of Goods and Services

When you spend money to buy something, you are transferring the IOU to the shopkeeper who sold it to you.

So when it comes to making money,what kind of money are you earning?You are earning other people's debt — you are taking away their IOUs.

Over the past few decades, how did the rich get richer? Why are big tech companies pushing lending products so hard? The answer is simple — they are making money off other people's debt.

Do you think it is easier to make money from the rich or from the poor? The answer is neither.

The rich are hard to make money from because they use their money to buy means of production. The poor are also hard to make money from because they have no money.

Whose money is easy to make? The middle-of-the-road ones — the middle class.