The debt-money system generates serious problems. One of these is that private banks can create only the amount of the loan; they cannot create the money needed to pay the interest on that loan. There is never, therefore, enough money in the system. This makes growth imperative. The system must grow or die. Debt and the interest on debt grow faster than money and income because debt is the only way to create new money. If the money supply cannot keep up to the cost of debt and interest, the economy will stall. When the burden of debt exceeds the capacity of debtors to pay, or the willingness of lenders to lend, the system must fail.
The Sons of Liberty have documented 300+ years long continuous, activist advocacy, through several changes of names and tactics but direct, unbroken and continuous nevertheless, of what is today called communism, though undoubtedly not for much longer: in the last 30 years they have changed the label they use three times! It appears to be in the middle of yet another name and tactic metamorphosis right now. Don't let them fool you.
At the close of the Constitutional Conventional in 1787, Benjamin Franklin told an inquisitive citizen that the delegates to the Constitutional Convention gave the people “a Republic, if you can keep it.” We should apologize to Mr. Franklin. It is obvious that the Republic is gone, for we are wallowing in a pure democracy against which the Founders had strongly warned... (Speech before House of Representatives, Jan 29, 2003)
The Bretton Woods system of international monetary management established the rules for commercial and financial relations among the world's major industrial states. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states. Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the Bretton Woods Agreement established the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF).
