The idea is to replace the system that inevitably leads to a Great Deflation through net interest drain. Our money today is almost exclusively loan deposits that we transfer among ourselves by writing checks. Those deposits were created by banks, in exchange for a borrower obligation to return the loaned amount plus compound interest. Since the interest above the loan amount was never created, the difference has to be paid by a transfer of real assets in foreclosure. DICK EASTMAN LiveStream link to Monday's show new.livestream.com/accounts/1990801/events/2187006 "Now, my friends, we have got to hit the root with the ax. Centralized power in the hands of a few, with centralized credit in the hands of a few, is the trouble." -- Huey Pierce Long The American people never had a better politician so completely on their side. ... the texts of three Huey Long speeches -- which in my opinion are the greatest speeches from an American politician in this nation's history. They present a paradigm we still may follow. -- Dick Eastman

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