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The Banking System, Itself, is the ROOT CAUSE of Money System Instability
by Paul Grignon
'In this article, I set out in words the argument that I present in Money as Debt II - Promises Unleashed. I claim that the design of the banking system itself necessarily creates an ongoing shortage of Principal that results in INSTABILITY and potential COLLAPSE of the system in the absence of PERPETUAL DEBT GROWTH. I claim that this occurs, even in the theoretical case of a COMPLETE ABSENCE of INTEREST and with ALL PAYMENTS BEING MADE in full and on time.'
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