Money, Credit & Debt: Is Debt-Based Money the Root of All Problems in Society?

I've just published a new video, entitled "Money, Credit & Debt: Is Debt-Based Money the Root of All Problems in Society?"

There is a very common trope, proclaimed with great confidence by numerous personalities who appear on podcasts and other independent media outlets, that so-called "debt-based money" is the root of all problems in society. 

Under this explanation, money creation is a form of debt, which comes along with an obligation to pay interest, and thus all money creation automatically creates interest obligations which can never be repaid, because if you try to make more money in order to pay the interest, that new money also comes along with interest obligations, and you can never win. The whole system is a giant trap, according to this argument.

But is it correct?

This video explains why that argument is wrong. There is in fact a problem that is causing increasing impoverishment and unemployment and indebtedness, but the argument that "all money is debt" is not the problem, and it adds to the obscuring of the main problem. The main problem has to do with the difference between money creation by government spending, and money creation by bank lending.

I hope this video will help you understand the mechanics of what is going on with the creation of money, and why oligarchs and their paid collaborators (who can unfortunately be found in all kinds of media) don't want you to understand the distinction between the two types of money creation (one way being through government spending, and one being through bank lending), and why they are typically very much against money creation by government spending.

This video also explains that money creation is connected to the subject of the resources available to a nation -- and that the world's ancient wisdom teaches that those resources are given by the divine realm for the benefit of the men and women of that land.

The most important resources of any nation are the men and women whom the divine realm allows to be born into that land, and the gifts given to each man or woman -- gifts that the ancient myths universally declare to have their source and origin in the realm of the gods.