Nothing grows indefinitely in a finite system, not even debt! Almost all (90%) of ‘money’ in existence today is debt (credit) . This debt is created from thin air with every form of loan, from credit cards, through corporate debt to Treasury Notes. All this debt comes with an interest component that demands never ending growth in order to repay it. Again, the current monetary system REQUIRES that we have never ending economic growth. It is one massive pyramid scheme because, if we ever stop growing, who is paying the interest? Total U.S. debt has soared over the last 35 years: Debts are claims on future goods and services with interest and are essentially a bet that the future economy will be bigger than the present. However: The economy is the summation of all goods and services and […]