The stability of the money system depends on belief in future profits and economic growth. The system of credit is a belief system (from the Latin credere = to believe). Credit is the belief in the ability of the borrower to pay back the borrowed money plus interest. Loans include interest repayments. This kind of […]

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  We have no choice. Whether we want economic growth or not, our capitalistic system needs growth to at least match interest repayments in order to remain stable. The associated regular interest income of the ‘net interest winners’ is not only responsible for the fact that the wealthy become ever wealthier but also for the […]

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Electricity comes to us from the plug, drinking water from the tap and money from the bank. But most people do not know how money is created. Who makes money? Or, as the experts ask: how is money created? Cash in Germany is issued by the German Central Bank (Deutsche Bundesbank) and the European Central […]

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