Home > Predictions > Our debt-based monetary system is killing us

Our debt-based monetary system is killing us

I have commented many times before on the sad, stark reality that our present insane monetary system requires – requires – us to kill ourselves by converting sustainable agricultural land into irredeemably destructive low density residential housing or unsustainable, energy-intense big-corporate agribusinesses.

Now – much too late – the UK Daily Telegraph reports on this inevitable phenomenon here.  Best quote from the piece:

The allure of global land is obvious. The World Bank says industrial and “transition” countries are losing 2.9m hectares of cultivated farmland each year. China is paving over its fertile belt on the Eastern seabord, and depleting the water basin of the North China Plain for crop irrigation.

Cheng Siwei, head of China’s green energy drive, told me last week that eco-damage of 13.5pc of GDP each year outstrips China’s growth rate of 10pc. National wealth is contracting. “We have an intangible environmental debt that we are leaving to our children,” he said. So does India. Much of the globe is stealing food from the future. 

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