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The markets prey on debt-laden nations : Comments
By Joergen Oerstroem Moeller, published 24/1/2011The US is next for the chopping block as global investors demand higher interest rates.
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Governments can increase the money supply in other less costly ways.
We can leave the current system in place. We can continue to let the banks increase the money supply and charge interest on the increase. However governments can also give individuals interest free loans that must be invested in productive assets as another way to increase the money supply. If we do this then we will find that it is unprofitable for the banks to increase the money supply with interest bearing loans.
Governments have been conned into thinking that banks are the best people to issue loans that will increase community wealth but banks only issue loans to people who already have assets and they really don't care what is done with the money as long as it paid back.
Governments should increase the money supply by giving interest free credit to people who will invest in creating new wealth. It is pretty easy to do and ensure compliance. You can find some suggestions at http://cscoxk.wordpress.com