Our present society is build on debt (Debt society). We are all up to nose in debt (Governments, companies, people).
The present economic debt system needs to be changed to an economic wealth system, urgently!
Why our present debt money system will collapse:
The bank issues debt money by giving a loan. On this loan interests have to be paid.
But the bank doesn't issue money so where is the money for the interests coming from?
- By taking the money from others who have to get a loan to pay.
- By going bankruptcy (At a company this means the company is owned by the banks now).
- By taking further loans.
At the end this leads to the following situation:
- All the companies are owned by the banks (In the USA the top 5 companies are already owned by banks).
- All are so much in debt that the society isn't able to pay the interests anymore.
The present financial debt system is proposed to collapse, it's just a matter of time if not changed.
Debt-free governments
Debt caused by negative budgets
Public debt must not be permitted. It is a system error that governments pay interests.
When a governments pays interests this means money is going from the society to the rich.
And governmental debts cause inflation (inflation lowers or destroys the value of money).
So how can this be changed? Wrong - the present system build on debt:
The central bank issues the money and lends it to banks and governments for interests.
Most central banks are owned by private owners (the banks) not the governments!
So practically all the money is debt money. Right - a system build on wealth:
The government issues the money (at best an international or global government) and spends it (until there is enough money in circulation).
It can get it back by taxes.
Even a no tax system is possible - then the tax is the inflation.
Governments are not allowed to take loans or issue any other means of debt (bonds).
So all governments need equal budgets (easier because no interests have to be paid).
Debt caused by negative trade/money transfer balances Present system - a national world system
A nation which has more financial outgoings then income has to take foreign loans and pay interests for it.
This causes a slavery of nations (nations in the debt cage). This is the real cause of poverty in the present world! New system - a global world system
For international transfers a Global Currency is needed.
This eliminates foreign debts caused by negative balances at international money transfers.
Poor nations need the support from outside - a Global Community / Global Commonwealth / Global Union
Just then it is possible to provide a basic living standard for all human beings worldwide.
Public Wealth
Subsidis to ventures by governments are not permitted.
Instead:
The government owns a venture capital company.
The venture capital company buys shares at companies of public interest.
So instead of giving away money the government creates public wealth.
Buying shares is also the solution to support the economy.
Debt-free ventures
Debt of ventures is the cause of most bankruptcies.
Ventures must not be permitted to take any loans.
When a venture is in need of funds it has to sell shares.
