"With all else being equal, all newly created money including commodity based money (gold, silver, etc) is money added to the system. "
What an interesting definition of money you have Infose. Was it text books that informed you about "commodity based money"? Can you tell me how this works at the retail level when you go to Coles to buy groceries with your bag of iron ore or silver ingot? I am interested to hear how this commodity based money enters the banking system at the central banking level and how the banks deal with storage and distribution via ATM's etc.
"Fiat money is one thing government debt is another." This was another interesting statement you made. I would love you to set me straight about how new fiat money enters the banking system. Can you please explain?
