The Destructive Cycle of a Debt-Based Money System

“Thou shalt issue money only to those who will earn even more of it.”

This is essentially what our money system is based on - debt.

Banks issue loans to people in the form of mortgages, student loans, credit cards and other forms of credit to pay off cars and other items.

But the money system is inherently flawed because people have to repay those loans or forms of credit with interest.

This means that if you’re not earning huge amounts of money, then your life revolves around a pool of debt, from which there’s no escaping.

The only way to erase the debt would be to earn enough to cover repayments plus interest.

And in this current economic climate that seems highly unlikely. Why?

Well, look at the cost of living. Rates, water, electricity, food and petrol prices are increasing exponentially. How to keep up..? Earn more..?

But there’s a limited supply of goods and services available from which we can exploit to earn more money. We live in a finite context, although some institutions seem oblivious to this fact.

Its like running on a treadmill that’s increasing its speed exponentially over periods of time. Eventually your legs won’t be able to move fast enough to keep up with the rate at which the treadmill is moving. To a point that you’ll just fall off the back.

Now there’s nothing to feed the system so the system plunges back into recession. It seems we’ve learnt little from past events, and instead have merely pushed the cycle out to buy some time from further economic fallout.