| 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 Declaration of Independence for Modern Readers
A Satire
by Matt Neuman (07/04/2000)
Given the recent trend to modernize classic works of literature, it seemed logical to modernize one of the great works of American literature: the Declaration of Independence. Jefferson and Co.'s affirmation of freedom and democracy is a wonderful document, but it simply doesn't speak to the current generation of TV-addicted zombies who wouldn't know a remote power from a remote control. With its archaic language and references to an unfamiliar, non-digital world, the D of I is sorely in need of an update to take it into the 21st Century. Hopefully this new version will be taught in our grade schools and civics classes, and a paper copy of it will replace the aging original now decomposing in the National Archives. | |
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