The Banking System, Itself, is the Root Cause of Money System Instability

Ethical Markets Reforming Global Finance

By Paul Grignon

In this article, Paul Grignon sets out in words the argument presented in “Money as Debt II – Promises Unleashed.”  The design of the banking system itself necessarily creates an ongoing shortage of Principal that results in INSTABILITY and potential COLLAPSE of the system in the absence of PERPETUAL DEBT GROWTH.  This occurs, according to Grignon, even in the theoretical case of a COMPLETE ABSENCE of INTEREST and with ALL PAYMENTS BEING MADE in full and on time. Read more…