DC can go on about being green all he likes but unless you reform a debt based global money system that must expand at an exponential rate, in order to sustain itself requiring an exponential increase in consumption and production of goods and services it will not be possible for the human race to live in a sustainable way.

Royal Commision into monetary reform, debt free fiat now, end fractional reserve banking.

http://video.google.co.uk/videoplay?docid=-8753934454816686947&q=the+money+masters

flashyman>>>>>>>>

**naughty comment removed by canvas**

to be honest canvas I have only recently started learning about how the money supply works and have been quit amazed.

If you think what I have argued is a load of nonsense I would be very grateful if you would explain why as I am still forming my opinions on the issue and would be interested in counter arguments.

flashman - I apologise for my dismissive post above. I will edit it right now. This is a poor excuse - but - I posted after a big night out. I should never go on the computer after a heavy session. LoL. Please carry on and ignore my naughty behaviour! :) Once again, sorry!

Flashman - have you read The Nature of Money by Geoffrey Ingham? It's an extremely good book - a really comprehensive, non-objective account. It's a lot more explanatory than most online videos on the topic, which normally seem a bit "dumbed down" for audiences (touché!) - although, I must admit, I haven't had chance to visit the link you've provided yet.

Not the easiest to digest mind you, but that's pretty much the standard of literature in mind-boggling topics like this...

Thanks Paine, looks an interesting book.

Whether or not continual expansion is sustainable depends on the unknown future and the nature of "goods and services". When many goods and services are pure information, such as music and e-books, and when much more business travel goes virtual, I would argue for sustainability. On the money supply, I am still with Friedman, though he had his faults. Basically, the money supply should not expand faster than production merits, otherwise we will stoke delayed-action inflation. We learned that the hard way in the early Eighties after which Tony Blair benefited from the painful Tory fix and took the credit for the resultant economic miracle.

When banks can lend people monney they don't have and then charge interest on it there seems to be something wrong.

Is this just a mechanism for extracting wealth from society for the benefit of a few.

Whatever else one may say about capitalism, it remains the only system that delivers real power and wealth to the people. All other systems put humans in the seat of judgement instead of the market, and those people invariably feather their own nests and preside over poverty and oppression. The market may not always seem fair, but it is the fairest game in town. Many have attempted to improve upon it but no one ever has. If you doubt this, look at migration patterns: do people flock to socialist countries or capitalist countries? I rest my case.

It would be possible to have a debt free money system but still have a capitalist society. Monetary reform should not be equated with socialism or a command economy.

All debt free money means is that banks are not allowed to lend money they do not have. You would also let the market set interest rates rather than have government imposed ones.

In his film "The Money Masters", (google video) Bill Still argues that the times in Americas history when it had no central bank and used a system of debt free money where the most prosperous in its history.

Don't knock it It works, Maybe the only part of this countries economy that really is working well and delivering wealth.

I wonder why Nulabour has never tried to interfere. My theory is that they know their funding would dry up overnight.

Delivering wealth to who?