Remember: It’s not what backs the money, it’s who controls its quantity.

The world economy is doomed to spiral downwards until we do 2 things:

1. Outlaw government borrowing;
2. Outlaw fractional reserve lending.

Banks should only be allowed to lend out money they actually have and nations do not have to run up a “National Debt”. Remember: It’s not what backs the money, it’s who controls its quantity.