This level of poverty and greed in this, the richest nation in the history of the world, constitutes a moral crisis and a fundamental failure of the policies of greed. The regressive policies which produce 140 million poor and low-wealth people are not benign. They are forms of ‘policy murder. ~ Rev. Barber, The Poor People’s Campaign
Reverend Barber is right, it is ‘policy murder,’ denying people housing, healthcare, clean water, toxic-free air, and food, is killing people. We have a police system that kills people, we have a society in which mass killing is common. The US Empire is by far the largest mass killer in the world, so “As above so below”. Policy murder extends to the industrial assault on the planet as well with murderous wars and toxic industrial extraction. This is all connected at the top and one thing is responsible for this compendium of world-around crises we are in. Money.
Who Creates the Money?
All money today is created by commercial banks when they make a loan also determining the economic development of society. As loans, all money is created as interest bearing debt. The principal of the loan is created and deposited in your account, but the interest is part of the debt too. That obviously must then come from the principal of another loan. This drive to pay the interest is the growth imperative in the system and if it doesn’t grow the system stops working. With each loan…