Legacy of Debt

Money does not grow on trees. However, the truth is that our modern banking system creates money far faster than trees can grow. When President Richard Nixon took the U.S. dollar off the gold standard in 1971, the Pandora’s box of debts had opened, not just in U.S, but also in the world. The result is a level of prosperity the world had never seen. 

However, the process had changed the nature of our economy. Now, our dollar is experiencing a crisis. The global economy is in severe imbalance. Our children inherit trillions of dollar of debt. Is this the legacy we will pass on to the future generations? Are there ways to restore our global prosperity?