See also ‘Modernising Money’ could help heal Mother Earth by Sue Holden.
28 Feb 2015
Is your money really there?
The government allows profit-seeking private banks to create our money supply as debt. Ninety-seven per cent of all money first enters the economy as debt, when the banks loan it into circulation. The money system now has most of us trapped in debt. Worse still, we need growth in order to find the money to pay the interest we owe the banks. But we cannot have infinite growth on a finite planet. Thus, our money system is directly contributing to the destruction of the eco-systems on which we depend.