Wednesday, June 1, 2011
Don’t Hold Your Breath
Our money system is one that is based on debt. For every dollar that comes into existence, there is a dollar of debt AND interest that is owed on that dollar. Quite simply, the only way for our debt based monetary system to work, is that every year debt must be increased in excess of the debt AND interest accrued the year before. This debt can NEVER be paid off, because if it did, there literally would be NO money in the economy and there would still not be enough money to pay the interest back. Please read that paragraph over again, it is so important that you understand that simple principle.