Bank Underground, the blog written by Bank of England staff

Re:Bank Underground, the blog written by Bank of England staff by alanwatts on Thursday May 05, 2016 @09:26AM (#11635848)

>Banks do not intermediate funds when lending they create new money. This has interest due on it. Create more to cover the interest or die.

Professor Franz Hormann of the Vienna University of Economics further elaborates on this catch-22 in his banned TED talk:

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Re:Bank Underground, the blog written by Bank of England staff by digi_owl on Thursday May 05, 2016 @10:03AM (#11636173)

Banned?!

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Re:Bank Underground, the blog written by Bank of England staff by oneloop on Thursday May 05, 2016 @11:01AM (#11636673)

[citation needed]

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Re:Bank Underground, the blog written by Bank of England staff by alanwatts on Thursday May 05, 2016 @03:10PM (#11638907)

I don't know what "banned" means in this case, it's just from the title. His point stands however:

Money Supply + Interest > Money Supply => perpetual debt servitude

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