26 January 2012

The Secret Of Oz

This version finally cuts several bogus quotes which have festered in the monetary reform literature for decades.
The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a 'National Debt'. Remember: It's not what backs the money, it's who controls its quantity.

See also: Money as Debt

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