Part 4/9:
Financial Systems: A Cycle of Debt
Transitioning to finance, the conversation reveals how the ideological justification of financial systems promotes the idea that trade yields prosperity. However, scrutiny of this model unveils the fractional reserve banking system, which creates money from debt—something many remain unaware of.
Historical examples, like the Bradbury pound in the UK, demonstrate alternatives where governments printed their own money without incurring debt or taxes. Yet, societal programming makes it challenging to envision such alternatives today, reinforcing the notion that ignorance is maintained to safeguard the status quo.