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Reform Central Banking and the Money creation process

Submitted on Saturday 1st September 2012

Published on Monday 3rd September 2012

Current status: Closed

Closed: Tuesday 3rd September 2013

Signatures: 7

Tagged with

Money

Petition Action

Reform Central Banking and the Money creation process

Additional Information

The creation of money with interest owed on it from it's creation is a unsustainable system. We need to give our government the power to create money without interest due on it. If money is created through loans with interest due, with only the principle being brought into existence, then there will never be enough money in our financial system to repay the interest owed. This means there is always going to be an ever increasing amount of dept in the system and that defaults are going to forever increase.
This principle of money creation will always led to an ever increasing dept (both personally and by government).
Please sign this petition if you believe that the creation of our countries money supply should be within the power of the people (our representatives) and without interest due on it. If we end dept based money creation the rest of the world will follow our example and the world can tackle the world dept crisis. Thank you


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