This is a presentation for those concerned about
climate change, environmental destruction and social injustice.
It is my argument backed by the simplest of facts and logic that our money system is a Ponzi scheme requiring perpetually accelerating growth of debt to banks to prevent collapse in mass default. In turn, this mathematical necessity prevents "de-growth" and the creation of a conservation economy based on reduced consumption. This is a structural defect that requires fundamental change as proposed in the final chapter, elsewhere on this website and in Money as Debt 3.
CHAPTERS
Introduction 7:04
Fallacy #1
Banks lend depositors' money 5:54
Fallacy#2
Interest can't be paid because it wasn't created 2:02
Fallacy #3
Central banks and/or governments control the "money supply" 1:34
What economists believe - Fallacy #4 2:13
Recursive re-lending, my analysis 20:13
Solution - a brief introduction to Producer Credits 15:23
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