What Will Happen If We Don’t Reform The System?
Throughout the history of mankind the form of money that we use has developed and evolved. The form of money which we are using now is highly dysfunctional, as we can see only too clearly now.
The solutions being proposed by our current leaders involve appropriating wealth from the taxpayers of the future in order to maintain the profits and the size of banks today. As a result of the bailout, you will lose on average 3 weeks’ income (per year) to funding the interest on the national debt.
In short, less of our income will be our own, holding the real economy down and artificially propping up the financial sector.
This may be considered a price worth paying – until we realise that this will not hold off the inevitable collapse of an unsustainable debt-based monetary system. (In other words, if we survive this crisis, the one that follows will be ten times worse).
The hard reality is that our current financial system – specifically, the process of allowing commercial banks to create money whenever they make loans – is going to lead us all in to extreme poverty. And the bitter truth is that this will be completely unnecessary.
The Recession is Unnecessary
The shocking reality is that this recession is completely unnecessary.
Nothing has changed in real terms – we have the same number of people, the same amount of food, the same technology, knowledge, office space, houses, and the same amount of hours in the week as we have had throughout the last decade of economic boom. We have everything we need to create and sustain a prosperous economy, so why are people with real skills losing their jobs and being left to sit at home doing nothing productive with their time?
What is at fault is really our accounting system – our way of tracking money and preventing it being created from anyone other than the state.
The recession/depression was 100% inevitable, but also 100% avoidable – if the reform that we are proposing was implemented. However, there is no way out of this financial crisis until the state prevents high-street banks from creating money.
Read On: How We All Benefit from the Reform