Money is debt

Posted by yeslove, February 17th, 2008 | Print | Svenska

Money is created by banks from debt, because the banks charge interest, the debt will always exceed the available money supply. The system demands perpetual growth to service a perpetually growing debt that in the long run will transfer all wealth to the banks.

“One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers” -Andrew Gause, Monetary historian

“Money is a new form of slavery, and indistinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave” – Leo Tolstoy

1. Why do governments choose to borrow money from private banks at interest when gov’t could create all the interest-free money it needs, itself?
2. Why create money as debt? Why not create money that circulates permanently?
3. How can a money system dependend on perpetually accelerating growth be used to build a sustainable economy?
4. What specifically needs to be changed?

Bernard Lieater:Beyond greed and scaricity

What are the shadows of the Great Mother archetype? I’m proposing that these shadows are greed and fear of scarcity.

Louis Even:The money myth exploded – An introduction to Social Credits

“The Money Myth Exploded” … remains one of the most popular to explain how money is created as a debt by private banks

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3 Responses to “Money is debt”


I really like your post. Does it copyright protected?


Im glad you like it.
Many posts consist of quotes and images from others with links to the source, stuff I dont own and hence cannot claim or give away rights to. You are free to use original text as you like and in good spirit, if you want to be polite, please link to the source.


Pengar är också MAKT? :)