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.