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Ellen Hodgson Brown, from her book ‘Web of Debt’

Interest charges are estimated to compose half the cost of everything. If interest to financial middlemen were eliminated, loans would merely be advances against future production, which could be repaid from that production. Borrowing nations would have to repay the money on a regular payment schedule, just as they do now; and they could not borrow more after a certain ceiling had been reached until old debts had been repaid. But without the burden of compound interest, they should be able to repay their loans from goods and services produced – rents from housing, fees charged for publicly developed energy and transportation, and so forth. – Ellen Hodgson Brown, from her book ‘Web of Debt’ and one example of how a world currency might be possible/used