The global banking system creates all the money as interest-bearing debt in the process of making loans consisting of the principal, created as a deposit to be paid back with interest, which was added to the debt. As the principal is paid off, that money is extinguished while the interest, which must come from the principal of another loan, goes to profit the bank. This is the economic growth imperative as society competes to pay the interest on its debts and not lose their collateral. However, when loan payments (money destroyed) exceed loans being made (money created) the system crashes into recession or depression for lack of money and loans default and the real wealth collateral is picked up for pennies on the dollar. The banking system simply stopped making loans to create the Great Depression, the largest transfer of real wealth in history; millions of homes, farms, businesses along with 4000 banks were subsumed in 1933 alone. I think only 400 went down in 2008 but each crash further centralizes ownership and power. This is money as an instrument of power. As the study by Gillen's and Paige proved the money is our ruler. But money is created by law and that my friends can be changed if we all disobey their money, created as debt, a form of slavery, and change it to our money, a publicy issued, care-based, permanetly circulating asset.

The myths we believe about money serve the current system. monetaryalliance.org