Money as Debt - Essay Example
But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let the bankers continue to create money and control credit."
I thought that it would be a fitting quote to open up this essay, seeing that I am to write about the financial crisis that is going on in the United Kingdom. What better person's quote to use than the director of the Bank of England
As if people may not know, the world is experiencing a so-called global financial crisis. Everywhere an individual turns; there is talk of job-losses, recession, tough times and times getting harder, no matter which politician or elected official gets put in office. It is as if Charles Dickens' novel "A tale of two Cities" really isn't a tale at all. It seems that this author's book was and is effectively serving a preamble of things to come and what is happening right now. Truly it is the best of times and the worst of times simultaneously. It is the best of times because as you may know, there are winners and losers in every situation in life.
