A couple days ago, in the Basque valley town of Mondragón, where my in-laws live, some notices were posted on the entrances to all residential buildings. It read more or less the following:
Over the next two months, we will be going house by house collecting signatures for a petition to the mayor’s office to release prisoners that are either gravely ill or that have already served their time.
Seems like a good cause, doesn’t it? Well…
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As I have been learning more and more about the way our economy functions and how bankers have gotten us into this “credit crisis”, there has been something nagging me, a distant voice in my head shouting and pointing to the elephant in the room, the big obvious problem that no one is talking about. I have been unable to put my finger on it, and have been actively trying not to think about it. But it keeps coming back. We all hear the figures. The US national debt is increasing by three billion dollars each day. Congress proposed a 700 billion dollar “bail out package”. The question that no one ever asks, and has been nagging my logical mind is: Where does all that money come from?
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