This page is created as an educational tool to understand the history of money. Most people know what money does, and that they need more of it. However, our schools do not teach us how it is created as a debt plus interest. This system is not sustainable as every Federal Reserve Note “dollar” must be paid back as a “dollar” plus interest. Far more debt than money is always created, and foreclosures, bankruptcies, and loss of sovereignty become mathematic certainty.
If engineers, and mathematicians created our monetary system it would be built on a sustainable model where more MONEY is created than debt. Unfortunately, international bankers, and politicians have built a system which serves the interests of a fraction of 1% of the population. Wealth is extracted from the producers and funneled away via compounding interest based debt.
Alternatively, Ithaca, NY has had a system where money is created without a debt, or interest. Then the local currency cooperative loans the money out without interest. Why should anyone charge interest for invented money? Their local credit union(bank) borrowed $30k(equivalent hours) from the local currency cooperative WITHOUT INTEREST.
Here are several documentaries which explain the problems, and offer some possible solutions.
This video features the artist who created the above cartoon talking about the mathematic scam of interest/usury based money creation, and lending.
“The Money Fix”
This excellent documentary correctly identifies that debt/interest based money creation, and lending is the root cause of our economic woes.
“Money as Debt III”
The “Money as Debt” series is an excellent expose’ of how private banks create all of our money as a debt plus interest. This creates a debt Ponzi which is impossible to sustain without foreclosures, bankruptcies, and loss of sovereignty. The amazing fact is: if all of our debts were paid off we would have no money. Since, interest/usury is added even this is impossible.