“And we could do it with government printed money – and not more debt – because it will be public works that creates wealth and employment rather than inflation.”

The reason government printed money does not create inflation is because it does not have to have a compounding interest payment attached to it.

Say my local council borrows say $10 million from a bank over 30 years to build a new swimming pool. We will end up paying back $30 million depending upon the interest rate. We end up paying for it three times and we only have one pool. If government created money was used the local council could just pay the federal government back the $10 million interest free and then could take the money out of existence. We only pay $10 million once and don’t encumber future taxpayers with a debt for a worn out pool in 20 years time.

The interest bearing, debt based money creation system we have now is best equated as a debt spiral. The money supply has to ever keep increasing to enable all the indebted people to pay off their old debts. The problem is the bankers create the credit but do not create the interest payments. The only way to prop up the system is to keep creating more debts to keep money flowing in the system. It is bit like having to keep filling the bucket that has a hole in it. This is best demonstrated in an example:

We are all trying to pull more money out of the economy than is already there. How do we keep the system afloat? Create more debt. What is “growth” but the pretext to create more debt? The money supply has to keep growing so we can all continue pay off our doubling and tripling debts. That it, until our debts get too big for our ability to pay. Our incomes and growth rates are not compounding. Eventually, the interest bearing debt based money system must collapse and reset itself.

Three things become apparent. One, interest makes everything expensive. Two, the doubling or tripling of all the debts in an economy over time is what inflation is. Your dollar today buys so much less today because there is so much more money in the economy than 30 years ago. The debt spiral is inflation.

Three, the banks create the debt from nothing and then charge you a private tax called compounding interest on top. This money creation is a fraud and the interest charged makes it a spectacular rip off. A bank is like no other business like it in our society. Create money out of nothing and charge a private tax on it. The returns are phenomenal. No wonder the bankers want to keep hold of the money creating power. It is absolute power.

So, until we have real money creation reform and put it back in the hands of the population we will be at the mercy of a handful of men who create and issue our money. The bankers have created the world financial crises we are in. We are the one who will pay the price. We should not allow them to do it all again. – Flavian, Adelaide, Australia


The Maji is a Planetary Ascension being.