The next money

Private banks create money every time they grant a loan. This results in a balance that appears out of nowhere, which remains constant, and a claim that continuously grows with interest. As a result, global debt today is so large that it can no longer be repaid with the total existing money supply. The author explains clearly and incisively where the systemic flaws of money lie, how they have operated throughout history, and how they can be rectified. Overcoming this collective delusion is possible, but it requires a broad understanding of money and a democratic awakening. This book provides the fundamentals.