Racines de la crise financière en 18 points – un résumé particulièrement clair et graphique - par Paul Grignon, l’excellent auteur de la trilogie ‘Money as Debt’

The Banking System, Itself, is the ROOT CAUSE of Money System Instability

http://www.moneyasdebt.net/

Paul Grignon

1.The interest was not created

2. All the money in the world

3. Shortage of principal?

4. Non-payment is a primary cause of instability

5. Morality is not the issue here - the design is

6. "same money lent twice" (diagrammed explanation)

7. Compound interest is also "same money lent twice"

8. All debt-principal is lent twice

9. Banks create money vs. Banks lend depositors' money

10. What is the final situation here?

11. Is this an actual shortage that de-stabilizes the system?

12. Growth to infinity is advertised

13. 100% shortage of principal

14. Inherent growth imperative

15. Are all deposits available to be earned by borrowers?

16. Simple interest paid n times is unbounded if n is unbounded

17. Banks can create money to buy anything!

18. Conclusions