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Payments for goods and services within this debt based economy

sarah anderson made this Freedom of Information request to Scottish Government

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Dear Scottish Government,

Within this debt based economical system, using private banknotes borrowed from the bank scotland only increases the nations debt and doesn't actually provide payments.
Thus, how do we pay for goods and services when we don't have any lawful money within circulation backed by anything of intrinsic value?

Yours faithfully,

sarah anderson

Scottish Government

1 Attachment

Dear Ms Anderson

FOISA Acknowledgment of request

Thank you for your request dated 13 February 2019 under the Freedom of
Information (Scotland) Act 2002 (FOISA) for ‘Within this debt based
economical system,  using private banknotes borrowed from the bank
scotland only increases the nations debt and doesn't actually provide
payments.  Thus, how do we pay for goods and services when we don't have
any lawful money within circulation backed by anything of intrinsic value?

We received your request on 13 February 2019 and will respond in
accordance with FOISA by 13 March 2019.

If you have any queries, please contact me quoting case number
FOI/19/00453.

Yours sincerely

Jacqueline McKellan

 

Jacqueline McKellan

Policy Executive

Innovation, Industries & Investment

Directorate for Economic Development

Atlantic Quay

150 Broomielaw

GLASGOW

G2 8lU

 

Tel: 0131 244 1196

[1]http://saltire/Documents/Communicating%2...

 

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Scottish Government

2 Attachments

Dear Ms Anderson

 

Please find attached the response to your Freedom of Information request
dated 13 February 2019.

 

Yours sincerely

 

Jacqueline McKellan

 

 

Jacqueline McKellan

Policy Executive

Innovation, Industries & Investment

Directorate for Economic Development

Atlantic Quay

150 Broomielaw

GLASGOW

G2 8lU

 

Tel: 0131 244 1196

[1]http://saltire/Documents/Communicating%2...

 

show quoted sections

 

References

Visible links

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