0 votes

Why interest bearing fiat currency must fail

In a debt based, interest bearing, fiat currency, world new debt must be continually created in order to pay the bankers the interest on the previous debt.

Either the private sector or the government must borrow more and more money to service the interest on the total system debt or the fiat house of cards collapses.

What we refer to as 'the business cycle' is caused by the debt-based currency mathematics.

http://www.hrillc.com/RJ/FedUp/WhyFiatSystemsFail.pdf




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

good article

bump.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

For the newbies

to the Fed's Ponzi scheme.

It's not rocket science.