Sovereign credit

Sovereign credit

Sovereign credit is the credit of a sovereign country backed by the financial resources of that state. Sovereign credit is the opposite of sovereign debt. Fiat money is sovereign credit and sovereign bonds are sovereign debts. When money buys bonds, sovereign credit cancels sovereign debt.

ee also

* Sovereignty
* Debt
* Government debt

Links

* [http://www.henryckliu.com/page3.html Liberating Sovereign Credit for Domestic Development]
* [http://appliedphilosophy.wordpress.com/2008/05/13/state-usury/ Sovereign Credit is State Usury]


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