That's the catch 22 of the monetary system. The money for the interest doesn't exist. So the debt cycle will eventually spiral out of control.
That's the catch 22 of the monetary system. The money for the interest doesn't exist. So the debt cycle will eventually spiral out of control.
Its all fiat money, it only has the value we assign to it.
Instead of paying jyst the banksters, this plan puts profits into everybody.
As much as crapitalism can, anyways.
The millionaires will still hire poor people to clean the toilets of the trillionaires, and the trillionaires will agree to pay the profits of the millionaires to not have to do it themselves.
Its just how crapitalism works.
Irregardless of the medium of exchange.