page one

pages:   two   three   four   five

The following logical exercise demonstrates how so-called “debt-free” sovereign fiat money reverts to money-as-debt as the inevitable result of  “100% reserve” lending.

The sovereignty of government to create money is not questioned,
nor are the good intentions of sovereign money reformers.

What is being demonstrated below is the futility of such reform.

click image to enlarge                      NEXT PAGE

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