Europe News on Feb. 4th, 2019
Monday, February 04, 2019
VietPress USA - News source:
www.reddit.com
Posted by
Born in Europe(U.K.), Native of EU, in the Madness of Dis-U.K.
29 minutes ago
Welcome to the 34th part of our open series of "What do you know about... X?"! You can find an overview of the series
here.
Today's topic:
Finno-Ugric Peoples
While speakers of Indo-European languages make up the vast majority of Europe's inhabitants, the next biggest family is made up of
Finno-Ugric peoples. In total about 27 million people speak one of the Finno-Ugric languages world wide, with most of them living in Europe. The largest three groups are the Hungarians, Finns, and Estonians who own independent states. Other major groups include the Sámi people in northern Norway and Sweden as well as Karelians, Komi, Mordvinsl, and other groups in the Russian Federation. While these groups are highly heterogeneous, some common links exist between various members that go beyond language. For example, a common archaic creation myth in many of these cultures are that the Earth emerged from an egg.
So, what do you know about The Finno-Ugric peoples of Europe?
Although a lot of the content is tailored toward Europeans, I like exploring the content here as I find it pretty interesting, especially since I'm from the US.
In the US and other countries, banks magically create new money that is 9 times the value they deposited in the central bank. Then the banks create more new money whenever they make a loan, as long as their loans are 9 times the value of their deposits. This is called fractional reserve banking.Why on earth would you let private banks earn interest on the borrowed money that they typed into existence on their computers? All of this new money creates inflation and goes to pay for bank shareholders' holiday homes. If the banks magically conjured this money, why do they deserve to collect interest off it?!Shouldn't the state create this money for its expenditure and give us all a tax cut?
Edit: do you have a fractional reserve bank like this in your european country and why?
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Europe
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