When the private banks’ case against the new monetary paradigm comes to you, you might consider these facts:
Private banks create upwards of 97% of our new money every year which gives it a virtual monopoly on the total amount of new money creation. The government creates the other 3%, however it also creates new money ONLY AS DEBT as well, in the form of Treasury bonds. This means that Debt as the sole form and vehicle for the creation and distribution of new money is mathematically not only a systemic monopoly but a conceptual/paradigmatic monopoly as well.
All monopolies are problematic both economically and conceptually because they enable and enforce mental and temporal universe domination wherever, whenever and however they exist….and current paradigmatic monopolies are far more deadly. This is true because paradigms are conceptually difficult to perceive due to the acculturation process being a largely unconscious phenomenon, and paradigms create and enforce the mental and temporal universe realities OF ENTIRE SYSTEMS.
The last paradigmatic/conceptual monopoly was Salvation Via Roman Catholic Sacraments ONLY. That monopoly paradigm was broken up by The Protestant Reformation.
LET US HAVE PARADIGMATIC/CONCEPTUAL COMPETITION NOT COVERT AUTHORITARIAN DOMINATION IN THE ECONOMY AND THE MONEY SYSTEM.
LET US HAVE A MONETARY REFORMATION.