Wednesday, March 19, 2008

Money, money ,money...

Hi!
It's a rainy day here in Japan and it will rain worse tomorrow.
Today I learned about "Money as Debt" by watching a video on Google videos. Did you know most of the money in the world isn't real? In a ratio of 9:1 or more it is "made up" money that ends up in being debt. The banks do this to live off interest. Banks also make their own money from loans! Benjamin Franklin said that the revolutionary war was fought to escape from the European banks! It's very complicated, but one thing I got is debt is money; no debt no money!
I also learned about the "New challenges aggravating plight of hungry" from a news article written by Ban Ki Moon the United Nations secretary general. Food prices are soaring, so millions of the world's most vulnerable people are at risk. To solve this problem the leaders at the U.N. summit aim to reduce the proportion of hungry people by half by 2015. This is called the Millennium Development Goals. But, this is a very big challenge! The price of basic food staples, like wheat, corn, and rice, have increased up to 50% from the last 6 months! Also bio-fuels are reducing food for humans. It was all very interesting, it was in the Washington post on the internet. I hope they succeed.
That's all for today!
see ya!

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