Chris Floyd nailed that lie over a decade ago:

https://www.globalresearch.ca/the-god-that-failed-the-30-year-lie-of-the-market-cult/10622

#CoinageSovereignty

@FascistCentre Monetary illiteracy may well be the most serious form of ignorance at present. Governments like the UK have #CoinageSovereignty - they have the power, right and responsibility to create the country's money in whatever quantity required. Almost no one ever mentions this.

It's for this reason I've pinned Michael Rowbotham's speech on my page. If men paid as much attention to finance as they do to football... we'd have a far better world.

@joules1971 There's a term that describes the government's power, right - and indeed responsibility to create money: #CoinageSovereignty.

#Feder #MonetaryReform #SocialCredit #MajorDouglas #FrederickSoddy

However, once you have extremely powerful vested interests benefiting from the private issuance of money as debt...