Howard Switzer
2 min readJan 17, 2025

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A Rockefeller with no money is just another Joe. Money is power and we have a system that concentrates that power to the economic elites. Because all the money is issued as interest-bearing debt, 50% of the prices we pay for goods and services are accumulated "capital costs" that is interest going to the economic elites. The banking system only loans 20-30% into the productive economy, where we all live and work, while the rest goes to the speculative economy that creates nothing of value but inflates asset prices. Further, because only the principal of a loan is created the interest must come from another loan. This is the growth imperative built into the system. As the principal is paid that money is extinguished, not so the interest which goes to the owners. When loan payments (money destroyed) exceeds loans being made (money created) the system crashes into recession/depression. This causes loan defaults and the real wealth collateral is picked up by those with money for pennies on the dollar, further concentrating wealth to the top. Further, that wealth is power and as the Princeton Study on political influence by Gillens and Page proved, money rules the nation’s public policy, not the needs to the nation. The legislation to change the system is already written, it was introduced to Congress by Dennis Kucinich as the NEED Act in 2011. It was not allowed out of committee, few even know about it and Dennis was primaried out of office the next cycle by his own party. Creating the money is the most vital prerogative of democratic self-governance but we are governed by an unelected government behind the front men they select for us to elect. The billionaires are ruled by those who own them, the BlackRock/Vanguard monopoly. If enough people were made aware of this 24/7 scam (usury) would they form a movement to push for this change? Or are people just happy to own nothing and be happy slaves? Will our systemic ignorance be our downfall? Can we spread this "gospel" far and wide, which means the truth, and hope for the best?

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Howard Switzer
Howard Switzer

Written by Howard Switzer

Howard Switzer is an ecological architect and monetary reformer in rural Tennessee.

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