2local value creation by innovative banking
A real alternative to a debt based economy
The increase in the US dollar money supply has accelerated sharply since the 2008 crisis, with a huge increase in 2020.
Indeed, the Fed has just increased the money supply by $3 trillion since March 2020.
This endless monetary inflation prevents the stabilisation of the world economy.
Worse still, it is making the ultra-rich ever richer, while the poor are living in increasingly difficult conditions.
Since money can be printed in unlimited quantities, governments take advantage of this to borrow more and more money. The current system is built on this notion of debts that never stop growing.
Money is being created when someone is taking a loan. With interrest banks are asking more money in return than created. So it is impossible to fully repay our debts the only thing to do is lending even more money to repay.
Find out how we do it different with our innovative 2local system. https://2local.in/