Unsustainability of Debt-Based Money

Abstract

In addition to the problems caused by money being fiat, most modern money is moreover created not by governments but by the privately-owned banking systems as debt to themselves. This is not only grossly contrary to all traditions of natural justice, it is also unconstitutional. This problem has been understood and publicised by many politicians and writers over centuries, but it is still not widely known due to the financial and political power of the perpetrators. Since it is also the main cause of the continuing increase in inequality in all the rich countries, the “great reset” being advocated by those in charge of the present system is clearly not fit to become the new basis of the economic system.