Current System

The current dominant monetary system is debt based. Money is created from debt by banks. For the short explanation watch the video below or read the entire article published by the bank of England.

This puts a lot of power in the hands of the banks. Throughout history, those who had the power to create money also managed to exert quite some influence on the political world. Now we’re not saying there’s this big conspiracy where people in back rooms decide on the faith of the world. But when you have that kind of power, it’s not that hard to be persuaded to use it. Because you’re doing it for a good cause, right?

And if you look at the influence big money has in politics these days, you know what we’re talking about.