An excellent explanation of the fraudulent nature of debt-based interest-bearing fiat currencies …
currencies given value only because you are told you have to use them
and because you have no choice but to work to repay the “value” of the currency your governments have borrowed
and the – interest –
the central banks say is owed on them.
Also covers the twin evil of fractional reserve banking.
The world economy is doomed to spiral downwards – until we do 2 things :
1. Outlaw Government Borrowing
2. Outlaw Fractional Reserve Lending
Banks should only be allowed to lend out money they ctually 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.