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If we only focus on advocating the provision of a basic income, but ignore how Money comes to creation: we only get halfway the road to actual economic change. A fusion of monetary reform and basic income is a more democratic way to create a solid foundation to guarantee our human rights.
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Banks have in fact been creating new money when they issue loans in the form of new deposits which add to the supply of money already in circulation. This kind of money creation is clearly in opposition to the sole right of the Central Bank of Iceland to issue bank notes and coins or any equivalent currency to be circulated as legal tender.
MONEY AS DEBT II - PROMISES UNLEASHED
A couple of weeks before parliament election in Greece, political parties in power tend to use their old known "weapons": "If we are not elected, Greece will dive into chaos and disorder, the country will be unable to pay its debts, banks will collapse and it will take the country years to recover".
But is Greece, or any other indebted country of this planet, really in a position to pay back its debts? Is austerity, deflation, job cuts, foreclosures of homes and destruction of human lives the only possible way to "address" the explosion of the world debt bubble which started with the collapse of Lehman Brothers back in 2008 in the US?
Money As Debt II-Promises Unleashed explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT... and how we might evolve beyond it into a new era.
Bailouts, stimulus packages, debt piled upon debt...Where will it all end? How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers?
And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt.
Ένας κόσμος χωρίς χρήμα?
Άλλος θα πει, "αυτα δε γίνονται", άλλος θα πει "ισως εχει δικιο ο προφεσορ", πάντως οι σκέψεις αξίζουν να ακουστούν. Δυνατά.
