A FLAW in the Monetary System?

This seven-minute video shows better than any other medium how devastating the effect of compounding interest upon interest is.

The trouble is that, by now, brainwashing (rather than education) has been so successful that everybody thinks ‘money’ must be borrowed. At interest. Nobody asks where the interest is supposed to come from.

And there is a big difference whether

• you and I borrow for our personal or small business needs (little money)
• whether banks and central banks borrow (making money out of money aka usury)
• and whether the Government borrows ‘big’ money

1. for its own needs
2. the provision of public services
3. the compensation for shortcomings provided by public officials
4. to ‘run’ the economy – which it hardly does, compared with the effect of money as debt.

Yes, it’s about ‘big’ money and ‘little’ money, and it’s about long and short time frames. That’s what the video shows!

‘Austerity cuts’ are far from necessary. But The Bradbury Pound is not known, since it is not taught by any economist. For the bank(st)ers do their best to camouflage what they are doing: create money from thin air and charge interest for it.

The big question is: why do all politicians seem to fall for this ‘trick’ such it has been beautifully institutionalised into the Debt Management Office?

The history of the national debt is published here. But who benefits is not published, i.e. the recipients of interest payments!

Related articles

• PAUL MCCULLEY: Fiscal Austerity Today Makes As Much Sense As Putting An Anorexic On A Diet (businessinsider.com)
• 10 Good Reasons for Monetary Reform (positivemoney.org)
• China’s Central Bank Official Calls For New Monetary System (silveristhenew.com)
• Act Before the Bail-In: Now Is the Moment to Seize Public Banking (antioligarch.wordpress.com)
• TODAY: 99th Anniversary of the Bradbury Pound – historic precedence of Government issued ‘Credit’ (forumforstablecurrencies.info)
• The Disturbing Evolution of Central Banking (safehaven.com)
• New video describes “A flaw in the monetary system” (beyondmoney.net)
• A Not-For-Profit World Economy Can Change the Monetary System (positivemoney.org)

How quickly the national debt rises in the UK and how an app brings the problem to US phones

An interesting chart about the UK national debt by an interesting organisation: the Economic Research Council – with an explanation here, about the huge increase. How come I just read today that the PM claims the national deficit has been cut by more than a quarter? I suppose the deficit is not equal to the debt in his mind…

Also interesting is the previous chart:

‘Debt Bomb’: this new app shows you exactly how the national debt will affect you (theblaze.com)

Related articles

• These Two Charts Might Change Everything You Believe About The National Debt (businessinsider.com)
• Theft through Interest and Compounded Interest on National Debts (forumnews.wordpress.com)
• Game Over for Debt? (cleardebt.co.uk)
• When Will the Day of Reckoning Come for the US National Debt? (safehaven.com)
• Nicholas Tsagourias: Sharing the debt burden (scotsman.com)