Here is a piece from Bill Still on Oz Economics…Having private banks create money is the root cause of all world poverty, hunger, disease and misery.
And until we fix it, we will never be able to make a dent in these other issues.
We can fix this.
We can fix it in a matter of months — a year at most. We can make our government the most financially sound in the world — nearly overnight.
The government can loan out all the money any state needs to build roads or schools or hospitals â€“ interest free.
Approximately half of a stateâ€™s infrastructure cost is from interest on borrowed money!
When the money is repaid by the states it will all come back to the federal government, preventing inflation.
All we have to do is to take back the power to control the quantity of money and put that power into the hands of the federal officials closest to the voting public — namely the Congress of the United States.
Some say, â€œWell, those crooks in Congress will create too much money once they get the money power.â€
But Congress now â€œcreatesâ€ all the money it wants!Â It just creates it as DEBT, which never gets paid back, and which we the people have to continually pay interest on.
Instead of creating bonds — or debt — the government could and should be creating DOLLARS, interest-free.
Everyone will still need loans and checking accounts. Some one will step in and provide those services.
Youâ€™ll still go down to your corner bank to deposit your check. Your bank will still be there. Only the guts â€“ the bankâ€™s accounting system â€“ the part you never see anyway â€“ will change.Simon Dixon
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