| 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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| | Lip service to democracy
by Pierre Lemieux (05/08/2001)
The whole process of Summits of the Americas -- the one in Quebec City being the third -- is not only about the project of a Free Trade Area of the Americas (FTAA). It is also about creating a bicontinental cartel of 34 states to prevent competition among governments and to better control their citizens. | |
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