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by Jack Wallace on March 4th, 2008

Jack Wallace

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If all money is created as debt that must be repaid at interest - with money that is created as debt to be repaid at interest - with money - ad infinitum, how can the world ever get out of debt and what do central banks do with the interest collected?

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  • by Anonymous on October 14th, 2008

    Anonymous

    There in lies the paradox. There is NO possible way that the world can get out of debt. Money is created FROM debt. That debt incurs interest, the interest cannot be paid back because there isn't enough money created to pay it. So more money is created, (debt) which needs to be paid back plus interest. Again, the amount of money needing to be paid back is ALWAYS more than the money that exists.
    Its a neverending circle. It is modern slavery. Only people aren't educated enough to know how they have become slaves by the monetary system.

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