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Also, the money supply of every country used to based on "completed labor". The country's Treasury would issue the currency against labor that was completed for infrastructure, etc. This currency would then circulate in the economy.

Holland established the first debt-based currency, then England follow in the mid 1690's.

Afghanistan and Iraq were two countries that didn't yet have debt-based currency. That changed after the US invaded them. Their currency systems were converted after control was gained.

409 posted on 02/19/2018 8:09:21 PM PST by politicket (Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)

410 posted on 02/19/2018 8:10:57 PM PST by politicket (Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)