Money as debt! This is the way Money is created. That fact has triggered countless issues at the social, political, economic and environmental level among others.
The cancer that is eating up entire nations is called 'DEBT'.
Here is a selection of videos on the Money as Debt system and how it is a major responsible for Poverty.
Take advantage of the first selection of videos.
What Does Money As A Debt Imply?
Under the current monetary system, money is created by the private banks at the time when somebody is granted a loan (see 'How is Money Created'). Consequently, the debtor said a person, business, government instance or nation has to pay interest on it to its creators.
And to make things even worse, the applied interest is in most cases compound; in other words, the debtor has to pay interest on owed interest, making such debt to grow exponentially. For instance, between 1980 and 2012 the U.S. public debt has quadrupled!. (see 'The Rule of 72')!
here is the next selection of videos for you to watch.
Aren’t Loans Coming From 'Old' Money (money that other people have previously deposited into their bank accounts)?
No. The monetary system has a mechanism called 'Fractional Reserve Banking' under which banks are allowed to generate 'new' money 'out-of-the-thin-air' (also called 'Fiat Currency'), provided that they keep a portion of it in their vaults as a 'reserve'.
here is the next selection of videos. Watch them.
And here are additional videos...
As A Public Function, Isn’t A Public Bank The One Creating Money On Behalf Of Society?
No, it is not! Despite the Constitution of many countries stating that money is to be created by the Nation on behalf of its citizens, the power to create money was historically granted to private banks.
To take the U.S. as an example, its Constitution provides that Congress should create money:
'Congress shall have the power to coin money and regulate the value thereof, and of foreign coin'. Article 1, Section 8, Part 5.
Despite such provision, the power to create money was granted by Congress to the Federal Reserve (see 'the Federal Reserve Act of 1913'), which by the way is the U.S. 'Central Bank', yet it is privately owned! (see 'The History of Banking')
We must correct the Money as Debt system in order to eliminate Poverty once and for all!