The GreenplanetFM Podcast with Tim Lynch

The financial system that is enslaving us gets its power from our passive consent. Money is created by private-sector banks out of thin air, and then we pay interest on that!   Each time a bank makes a loan, it essentially creates money as debt. This system results in problems such as increasing levels of household debt and inflating property prices. It ensures a rapidly widening income gap. In New Zealand we are allowing our children to go into debt slavery! First they have student loans; then they may have a mortgage, and then they are expected to save for their retirement. If we continue with this system we will fail as a society. In this interview Don Richards, co- founder of Positive Money New Zealand, talks with Lisa Er about the problems and the solutions. Positive Money New Zealand began when Sue Hamill and Don Richards had the current debt based system explained to them in 2010, while watching, “Money as Debt”.  When they learnt that New Zealand operated under the same system - they customised the UK