Outrunning Collapse: The alternative currency solution

corbettreport

As we examined on the program last week, the standard monetary paradigm of the developed western world relies on central bank administered fiat money created as debt-based instruments owed back, at interest, the the very bankers who are given the privilege of creating this money out of nothing. With a literal license to print money, and to direct that money into those sectors of the economy they see fit by approving or denying credit to businesses and industries on a whim, it is not difficult to see how this system benefits the banksters first and foremost. But as we see in the European example, when this system fails it is inevitably the banks themselves that are deemed "too big to fail" and the ordinary citizens who are left on the hook for the trillions of "dollars" in notional debt that has been rung up in their name.

What happens, then, when a currency begins to fail? Must the public merely wait for the inevitable collapse, and then submit to whatever new monetary paradigm the banksters create from the ashes of the old order?