Quote from: Dealer on October 22, 2013, 03:39:14 PM

Quote from: mirelo on October 22, 2013, 03:31:36 PM

Quote from: Dealer on October 22, 2013, 03:24:32 PM

It's not the system that's wrong, it's the people trying to achieve personal gains with it.

Debt-based money is unsustainable because it requires an exponential growth of the money supply: when money is debt, paying interest on this debt requires creating more money, hence more debt.

The thing is, the system didn't have to be debt-based in the way it is now. That's one of the things he actually explains in the video.

He believes gold can be money without eventually producing a debt-based monetary system: his being aware of how history repeats itself should make him know better.