Arnon: Private banks create money…but ONLY AS DEBT.Why is this feature of money creation important?

Me: Because the economic goal from the perspective of every commercial agent other than finance is more profit while finance’s goal is the increase in their “product” of private indebtedness which deminishes purchasing power/available money to spend and hence there is a continual destabilizing monetary and economic conflict…unless of course finance’s monopoly paradigm is broken up by integrating monetary gifting strategically into the Debt Only system in a way that mathematically inverts that problematic trend…with a 50% Discount/Rebate policy at the various universally participated in points of terminal payment (retail sale) throughout the economy for instance.

Steve Hummel 09/06/2026