In History, we can find many examples of Kingdoms with debts and loans with high rate interests….. The poorest people had rarely some debts but, the richest people often ….
Have we seen a change nowadays ???
In this current global financial crisis, the richest have debts , but as their money …….. Debt IS Money !! no debt, no money !!!
The former kingdoms had debts, to cope with the costs of wars, explorations, or disasters …. The current modern States have debts because debt is money ….. and the States have forgotten they can create money …. Because they have more money than ever before, letting private banks manage it …
The current financial system can be sum up in a single word : EXCESS …. And I believe the concept of Fractional Reserve Banking is probably responsible for the Overpopulation …. 200 years ago, the world population was only 1 billion people. Easy money means long term project like children ...., and poverty in some countries means children must care the elderly
It's time to change the monetary system !!! We consider the concept of "Outsourced Resources Banking" as a good step forward
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