| Pay The Piper! Call The Tune!
by Elan (12/22/2011)
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. |  |
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| | The World Trade Organization
The End of Geography?
by Representative Jack Metcalf (05/04/2000)
America has seen its national sovereignty slowly diffused over a growing number of International Governing Organizations. The WTO is just the latest in a long line of such developments that began right after World War Two. But as the protest in Seattle against the WTO Ministerial Meeting made clear, the democratic citizenry seemed well prepared for joint political action. | |
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