There Is Now Officially 3 Times More Debt In The World Than Money


James Clayton's picture

As we know, state-sanctioned money is created as debt and must be repaid with interest; total aggregate debt is always more than the total amount of money. That's the trap. The global monetary system is designed to confiscate and concentrate wealth.
But, as Thomas Greco suggests, private currencies and credit clearing exchanges are the disruptive innovations that can displace that system by liberating money and decentralizing the control of credit. I highly recommend his latest book, The End of Money and the Future of Civilization, and his recent article, Confronting the Power Elite.