The Root of Our Economic Problem

ising debts and increasing bankruptcies are the result of Congress suspending the free coinage of metals - into money - and switching us to bank credits as our medium of exchange. These acts converted our nation from a wealth monetary system, where people created money for society's benefit through the fruits of their labor, to a monetary system, where now ....

All new money is loaned into circulation as an interest bearing debt. Since this system only creates the principal and never the interest, the debt is always greater than the money supply.

This fraudulently created debt forces American citizens to borrow constantly so the system can function. Eventually, the process becomes unworkable as society, mortgaged to the hilt, can no longer afford to borrow. This debt creates extreme stress for us as we struggle to meet impossible money obligations. The results are: a constantly rising cost-of-living, layoffs, family breakdown, increased drug and alcohol use, an increase in crime and a general moral breakdown.