Howard Switzer
Jun 18, 2024

And of course there can be no democracy until Congress turns the monetary system into a public utility issuing permanently circulating debt-free asset money backed by the credit of the nation. The big secret kept secret by public incredulity is that the government does not create our money, only the commerical banks create our money and they issue it as interest-bearing debt. This systemmatically concentrates wealth and power, and drives predatory growth and unethical behaviors. This also means that on average 50% of the price we pay for goods and services are due to “capital costs”, interest being paid to the the banks and compounded it represents a huge usurious robbery. Capitalism is a debt parasite on all enterprise, so it can't be free, and allows the banks to control and direct public policy and ecnomic developement.

Howard Switzer
Howard Switzer

Written by Howard Switzer

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

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