The world economy is doomed to spiral downwards until we do 2 things:
outlaw government borrowing;
2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt".
Remember: It's not what backs the money, it's who controls its quantity.

This version finally cuts several bogus quotes which have festered in the monetary reform literature for decades.

http://www.youtube.com/watch?v=swkq2E8mswI

Tags: news politics debt  government economics economy gold silver collapse Ireland Iceland crash depression recession inflation deflation rate tax interest currency fiat  greenbacks greenbacker 

Bill Maher on tax cuts and US Government Shutdown 2011, with guests Bernie Sanders, Randy Cohen and Doug Heye.

More Information:
http://huffingtonpost.com/news/government-shutdown
http://en.wikipedia.org/wiki/Government_shutdown

Tags: news politics debt  government economics economy gold silver collapse Ireland Iceland crash depression recession inflation deflation rate tax interest currency fiat  greenbacks greenbacker government shutdown