Today, most people are deprived their literacy and their rights for the power and profit of a corrupt corporate minority.

Are we a democracy, or are we really a powerful anti-democratic force in the world?

We are not a democracy. We are in fact a powerful anti-democratic force in the world.



We're here to teach the simple facts we all should have learned as children. Also:



  • Global poverty and displacement.

  • The economic domination/subjugation of all people, including us in the west.

  • The looting of national assets and the degradation of publc services.

  • The ever increasing consolidation of global wealth.



All these and how we can move forward with real democratic and human rights alternatives can be understood with a simple, truthful introduction to the facts of economic life.





Did you Know?

Money is by far the most important influence on all our lives. And yet few of us, through our schools, colleges or universities, will have been taught the most basic facts about money. Facts like:



  • What money really is in the world today.

  • Where money really comes from.

  • How banks and debt, in truth, basically work.



We aren't being taught how the system we live in basically works. This situation seems absurd - and it is one that is clearly politically loaded - but it's one we can all do something about.


Flick through the slides below for a brief introduction to a fascinating subject. There's more throughout the rest of the site and you can see the Democratic and Human Rights that are surely inevitable consequences of improved basic economic literacy.


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This part may be easier to read in landscape. 

What is money? And where does it come from?

What is money? And where does it come from?

To answer this, let's start by looking at what money is not.

Although people often think of money the way they think of gold or silver, it's easy to see that money is really not made from any precious materials. It's true that coins are often made to look like gold and silver, but that's really only for effect. In reality, not only is money not made of precious materials, most money isn't made of any materials whatsoever; most money doesn't exist in physical form at all.

Most money is just numbers in accounts within the banking system. They really are just numbers; there are no corresponding piles of notes or coins, or gold or silver, being kept in vaults. The numbers are all there are. The question, then, is what are those numbers? What are they measuring and where do they come from?

The numbers measure a legal 'title' or 'claim'. Someone who has money has a measured claim within society. And that means society itself, or some part therein, has a corresponding debt to that person. It can be difficult to grasp at first, but money measures out the two sides of a legal relationship: on one side claims, on the other side debts.

That's why we say money is debt. Like any debt, money has two sides: someone who owes and someone who is owed. Money exists as a record of a debt; it comes into being when someone goes into debt and remains in existence only for as long as the debt remains outstanding.

You may know that money is 'creditary', or 'promissory' or like an IOU. These words all describe the debt-based nature of money: a legal relationship with a debt on one side and a claim on the other.

This is a reciprocal system in which money exists only to occupy the space between giving and receiving. This is a truly fundamental (and ancient) foundation for trade. Money comes into being when somebody (including a government) makes a 'promise to reciprocate' (i.e. takes on a debt) and will cease to exist again when the debt/money is repaid.

Economists call this 'endogenous' money or "money creation within the private sector". What it means is that banks create this money, they really are not 'lending' and we and our governments really are not 'borrowing' other people's money when we go into debt. We can clearly say, then, that these debts should be interest free.

An Example

In our world today, almost nobody could have a home if it weren't for the facility of financing and debt, so debt is very important to us and many people every day use debt to buy a home; they take out a mortgage. If you were selling your house and I needed a mortgage to buy it, where would that money come from?

My bank would create that money, simply as transferable numbers in my bank account, when I ask for it, when I sign myself into a mortgage agreement and into debt.

And when that new money is transferred to you, you will be the holder of x amount of new claims within society. I will be the holder of the exact same amount of new debt. (But I will also now have the house.)

Those numbers (see image →) were created during the process and they are money. The idea that money should somehow be different to that, that money should be physical, or that someone should have to root around to find some already-existing money to 'lend' to me is, by comparison, very impractical. And it has far graver consequences too. Not only would it be inconvenient and very expensive, it would set up some of the most corrosive relationships that can exist within society.

There's nothing wrong, fundamentally, with the way this system works. It's exactly how it should work. The problem is that very few people understand the system. The banks know they can tell their customers that they're "borrowing" other people's money and that they'll believe them, paying lots of money in interest because they believe they should.

This is true with respect to both household debt and public debts too. Governments too are "borrowing" money into existence and recording it as a debt with interest due. This results in enormous 'national debts' and associated service payments, which taxpayers are paying because they don't know they shouldn't have to.

In practice, major financial operations like banking could never operate on physical notions of money (like gold or silver) and actual lending and borrowing. Money will inevitably resolve to its most efficient form, which is simply numbers - numbers recording who owes and who is owed.

For that reason, what we call 'credit' (debt) currencies are just a simple practical reality. But, as you've seen, they are also very much more than that. It is through this type of money that we all share a common platform upon which our debts and our exchanges are facilitated, not by 'borrowing', but by simply recording numbers into and out of existence on paper or on a computer screen.

And that really does mean most of our debts should be interest free. The money we have really should support a very different type of economics and very different economic relations all around the world.

Money should work much more for everyone. Money can and should be at the foundation of all people's real economic rights. Every person, as well as every government, should have a democratic relationship to money and access to money on democratic terms, free of unnecessary lender-borrower relations and free of interest. Human Rights demands it.

Basic Literacy

Covered in these slides are what should constitute everyone's basic monetary literacy. I hope you now have a better idea of what money really is, where it really comes from and how banks and debt, in truth, basically work. We all have the right to understand those things.

There's more to read throughout the website and I hope we succeed in shedding light on this singularly important global issue. We're here to promote basic literacy and improved human and democratic rights all over the world. You are invited to support us in that cause.

Support us / share us

Help us promote better economic literacy and greater human rights. Your support can help us reach more people, produce more educational materials and make those materials cheaply/freely available to schools. And that means they're more likely to use them. Thank you.

Democratic and Human Rights

Basic economic literacy is fundamental to democratic society - it is essential for democratic participation and for understanding and asserting our own basic democratic and human rights.


Today, it is widespread economic illiteracy that forms the foundation of structurally unjust economies, which people do not understand and lack the power to change. It is for exactly such reasons that:



We all have the right to a basic education, to be basically literate and aware, in Human Rights law.

We all have the right to a basic education, to be basically literate and aware, in Human Rights law.



Today, important legal, informational and educational institutions are failing us. And in so doing, they have allowed structural injustices to undermine the hope of democratic and human rights all over the world. Help us stand for something better.


Here are 3 examples of what basically informed people might demand of any democratic society:



  • Democratic, debt-and-interest-free national currency base.

    Countries are currently required to 'borrow' their currencies, into existence, at interest, from private banks. Public sectors all over the world are being crushed and looted under a regime of expensive, inauthentic, national debts.

  • Interest free access to money for all households.

    Every family on Earth could have access to money, for things as vital as a home, interest free, paying no more than a competitive fee. Yet at 9.3% (the average US mortgage rate in the 35 years to the crash) working families will pay almost 3 times for their homes - twice as a mere gift to the already rich. This injustice lies at the core of the world's perpetual housing crises. In the comparatively wealthy US alone, around 4.5 million households will be evicted or foreclosed upon every year for failing to keep up extortionate housing payments. Globally, many millions of families can never hope to enjoy secure, adequate housing.

  • The return of public resources and their revenues, reducing taxes and bills on working families.

    Privatizing the profits while socializing the costs of the public commons today crushes vital public services while driving up taxes and bills on working families. Across the west, working families pay around 50% of their incomes in taxes alone, to pay for an all too oppressive, mean-spirited public sector and the greedy, undemocratic ambitions of rich and powerful decision makers.



Reforms like these would give life and opportunity back to enormous numbers of people currently cut off or crushed by a corrupt global system. And yet they are the simple, inevitable result of improved basic, childhood level literacy.



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