Comment: TOO MUCH OF A TYPE OF MONEY THAT CREATES SHORTAGE OF MONEY

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TOO MUCH OF A TYPE OF MONEY THAT CREATES SHORTAGE OF MONEY

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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Virtually all money that has been created since the start of the debt based money system came with the obligation to pay back with interest. Therefore, as the economy grew and more money was created, the obligation to pay back got even bigger and the money shortage grew. Now we are at the point that this system no longer works. In other words, the money shortage cannot be solved by creating more money that comes with the obligation to pay back with interest. Therefore, I am convinced that this money shortage will not be solved and we will go though a major deflationary depression.

However, the problem is the shortage of money, but not shortages of commodities or manufactured goods. Aside from the money shortage, the economy is physically capable of producing what we need. Therefore, in a sense, this problem is not real.

The solution is to install a non-debt based money system.

People really need to read this and understand.
THE LOST DEBATE http://www.dailypaul.com/node/52732

Just my opinions.

government of the people, by the people, for the people
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