Have any of you seen this? This is a fairly obvious problem that has been discussed and documented many times before. My question is which country is the most protected from this problem? Haven’t some governments put a damper on the banks power to inflate currency and promote credit? Of course, as long as the country is part of international trading environments it cannot be completely immune - which is why I ask which you think is the most stable, protected, or designed to remedy this error in accounting?
That’s the purpose of the Central Bank(in the US, it’s called the Federal Reserve). They have a number of tools at their disposal that they use to indirectly control the money supply.
The point of the video as I got it is, given a finite earth, a monetary system that depends on an exponential increase in money/debt is doomed. It gives a couple of scenarios as to how it might be changed but I think the prognosis is poor. A lot of the folks running things seem to be content to be the last to starve. It also posits that relatively small agricultural units may come thru a collapse, little economies based on the exchange of goods and services rather than the sale of money. A lot of stuff like this out there but it offers a pretty good review of the history of money and how we got where we are.
ETA: Maybe Bhutan as a possible nation survivor? TV was banned there until 1999:)
