Many communities are suffering from unemployment, social isolation, and the degradation of living creatures and their natural habitat. These communities have plenty of human resources--talented people with the energy to make a difference--but because they have to rely on loan-based currency from the federal government when they use those resources, each exchange spirals them further into debt.
I love this comment, I wish I knew where these uptaped resources and talented poeple where being unused because this is where growth in a country should be. This is where captialism should be flourishing and globalisation will help it.
These poeple don't need a new system but help getting themselves focused and utilising these resources.
Now a smart bank and honest goverment should help provide these, its in both their interests to be havesting these resources, more industry, more money going into the bank they make a profit, the stronger the industry in a country the stronger the economy and the population are better off.
I really don't understand the spiralling into debt comment, is he talking about unemployeed poeple borrowing money to eat, or poeple borrowing money to try and start business or expand, it isn't really clear to me.
People borrowing money to eat is an issue definately, but increase in industry will mean more jobs therefore poeple won't have to borrow for food.
If its borrowing to start business or expand, and the local banks are dodgy then this is where globalisation helps, access to wider markets means more compeitive prices.