The Wikipedia entry on the 2008-2009 Icelandic financial crisis is a very good overview of how "big boys" play with "big numbers" - for short term benefits for themselves, never thinking long term, let alone the public.

The entry refers to "sovereign debt" as a key issue.

But nobody questions the sovereignty of issuing Cash and spending it into the economy. Everybody assumes that money has to be borrowed as Credit, so that the beneficiaries get their interest payments.

Money as Debt, also known as Credit is a crime on humanity. It started in 1694, when the Bank of England was founded. More on http://moneyasdebt.wordpress.com

Sabine [enraged]

This site is most remarkable in its design, layout, content and, above all, intentions!

Through the Forum for Stable Currencies, we've been trying to raise awareness about the national or public debt and its devastating consequences at the House of Lords and Commons since 1998.See http://forumforstablecurrencies.org.uk

I trust that this vehicle will speed up the process considerably!

With best wishes for more and more power to your coding and communicating elbows,

Sabine

Organiser, Forum for Stable Currencies

http://forumforstablecurrencies.info

This presentation is an overview of what's wrong with the financial system worldwide: national debts are the systemic longterm cause that hardly anybody understands. But people who create their own currencies a la LETS do!