Topic: Credit Entry

1 chapters across the catalog

Fascism Today
Episode 39 1:11:41 - 1:13:14

39: Fascism Today

Netherlands Finance Secretary, Afghanistan Credit Entries, Fiat Money

A host recounts an interview with the Dutch State Secretary for Finance regarding international aid to Afghanistan. The official admitted that the 200 million euros provided were not a physical transfer of cash but a credit entry in a database that must be paid back with interest. This is cited as a real-world example of the debt-based financial systems described in "Confessions of an Economic Hitman."