Thursday, 05 December 2013 18:34

The Economic Recovery

We are told the economy is recovering, we are told not to worry.  "All is well, we are seeing the recovery now", I have been hearing and reading words like these for some time now.  I think I'd need to be on drugs to believe this message.

How can there be a debt problem in a monetary system that relies on the creation of debt to facilitate the creation of new money?  If debt is a problem and is considered generally to be a problem in the world of banking, money and political finance then it seems like a devastating error to have made it a part of the actual process of creating money in the first place.  Of course debt is a problem when it is an integral part of the finance process.

Published in Editorial

Quotes

If a free society cannot help the many who are poor, it cannot save the few who are rich. Inaugural Address of John F. Kennedy FRIDAY, JANUARY 20, 1961