Nick Egnatz 
Member since Apr 2, 2015


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Re: “Guest Opinion

System change is needed and the first system that should be changed is our monetary system. Present U.S. monetary system is used by threat of force from the U.S. military across the globe. In this system almost the entirety of what we use for money is created by banks when they make loans. As the loans are paid off the money is extinguished on the banks books and no longer exists. The banks are allowed to charge and keep interest and fees for money that they have created. Since only the principal amount of the loan is created as money and nothing is created for the interest and fees that also must be repaid, it is a system designed to put and keep us all in debt. At this it is succeeding very well.

Since the banks create the money, they get to make the decision on that for which it is to be used. Understandably environmental uses are behind whatever is last on the list. Money creation should be done debt-free by our federal government. Money would then be spent not loaned into existence for the actual things that people value -- clean air, clean water, clean renewable sustainable energy, a real healthcare plan, rebuilding our broken infrastructure, etc.

Linking Social Justice to Monetary Reform explains it all.
http://www.alpheus.org/linking-social-justice-to-monetary-reform/

2 likes, 3 dislikes
Posted by Nick Egnatz on 04/02/2015 at 4:11 PM

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