andrearossouw

Equal Money System FAQ 10 – Can one just create money out of nothing – isn’t that what is causing the current money-crisis?

In Why use Money? on February 2, 2012 at 9:31 am

Indeed. What we’re proposing is a fiat money-system. Meaning: money that is created and issued by a central institution directly and declared as Legal.
With regards to the current money-crisis, one must understand: it is not due to money being created ‘out of nothing’ – but solely due to the procedure according to which all money being issued has the nature of a loan with interest.
This is completely against what we’re suggesting: because the point of having money is not to use it to exploit people for power and control, but to make life easier -which is by the way what children in schools are being taught about why money exists. Unfortunately they’re not being told the whole story.
As explained above – money will be a tool at your disposal that gives you access to living-recourse. It will not be a ‘loan’ – because you have a right to it: it is your money.

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