Wednesday, 21 January 2009

Alternative Money

An article attempting to explore some alternatives to the current financial system:

If the state can't save us, we need a licence to print our own money

I also know that most of the money in circulation is issued, through fractional reserve banking, in the form of debt. This means that you can't solve one problem (a lack of money) without causing another (a mountain of debt). There must be a better way than this.

As we confront the failure of the government's first bailout and the astonishing costs of the second, isn't it time we considered the alternatives?

Once again one needs to look in the comments section for real insight - and for a better understanding of the real problem behind the current financial crisis many posters refer to this video - Money as Debt. Watch it!


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