Forum Post: The actual banking system has to be dissolved.

The actual banking system has to be dissolved. The system with its interests and interest on interest, which leads to exponentially growing debt, lets go whole companies and now countries bankrupt. This is an absurd system, which is only made for the 1 % richest, the bankers. They have the exclusive right to print money (central banks which are a private institution consisting of a committee of all participating banks) and lend to every project that seems to make the most of money. With this exclusive printing rights, combined with interest, money gets channeled constantly from the 99 % of population to the 1 % rich without us even noticing it. What happens when we cant pay back our debt anymore, which has to happen in an interest on interest system where dept is growing exponentially? We are getting really enslaved by the banks. Expenses for health care, education and infrastructure has to be cut, the age of retirement is raised constantly only to pay the rich bankers. So we effectively live and work for them, for financing their luxurious houses, parties and vacations. Slavery, not anymore by force, but with system. This system has a catastrophic side effect:

• Exponentially growing debt demands for infinite growth. On a planet with limited resources this cannot work. Companies have to pay back exponentially growing debt and therefor have to grow infinitely. In a system where money is the only incentive this leads to the exploitation of natural resources and our all living basis, our earth. This exploitation in the last 200 years already threatens all our future(CO2- emission, global warming). So what do we have to do? We have to dissolve the actual banking system, which consists on enslaving population by interest and only giving to money to projects which promise the most profit. Giving the right to print money to private institutions is absurd. Money is a means to exchange goods and should be therefor in public hand. The money issuing organization should be under control of the government. This organization should not evaluate projects anymore just by their outlook for profit, but also by environmental, sustainable, social criteria. So a project isn’t evaluated only on the basis if its good for the company, but also for the whole society. Society pays the price for the higher costs of these companies (eco-friendly, social shaping of organizations and processes costs money) for their own good. This leads to a more social, eco- friendly society overall. Cleary, in such a system, the threat of corruption is big. Normally, bankers are incentivized by the profitability of their investments directly. When the new bankers have the more sophisticated job to evaluate projects on “soft” criteria (social, eco-friendly... ), this is a high risk. Evaluation can be manipulated easily. Therefor these government- reigned banks have to be controlled strictly by another, independent organization. Further, companies should be punished harder if they transgress environment protecting regulations. The money of these penalties should be used by the government for environmental or social projects.