Discussion about this post

User's avatar
Thomas H. Greco, Jr.'s avatar

One of my big ideas is the realization that the federal government budget cannot be balanced because of the way in which money is created by banks lending it into circulation and charging interest on those "loans." The interest amount is diverted away from the consume economy and into ever growing pools of financial capital. Because that action creates a shortfall of money in the consumer economy the federal government MUST step in to play the role of "borrower of last resort," to prevent economic depression; thus, the ever growing federal government debt and centralization of power and wealth at the top of the political and financial hierarchy.

Expand full comment
1 more comment...

No posts