What's the problem with the world economy? It's debt and most importantly, too much government debt.  People have a natural tendency to want to spend now and pay later. It's the same for governments. If governments can spend by borrowing, they will do it. If loans are offered, governments will always choose borrowing.  The problem is that debt carries interest and the interest is strangling the life out of the economy of every nation on earth.  But most importantly, it's not just the amount of interest paid to the banks - those who give the loans -- it's the control over political process this debt gives the banks.  Because as Proverbs warns us: "The borrower is servant to the lender."  If banks are in control of the money, there is no way they will ever create a stable system.  This will come as a surprise to most people, but today nations do not control their national money supply. Today, most money is created by banks -- as loans. It's not what backs the money that is important. It is who is controlling the quantity. Today, banks run by the global elite are in complete control of the quantity of the money in every nation. As a result banks have seized control of the entire democratic process and will, by this seizure, reverse humanity's thousand-year march towards freedom.  The good news is that it doesn't need to be this way. Banks don't need to be in control. Governments don't need to borrow. Governments don't need a national debt.  This is a relatively recent phenomenon. As long as we allow government borrowing -- the cancer at the core of all our economic problems -- we will never return governments to true democratic republics. They will all be just shams -- fakes -- appearing to go through the motions of free elections when in reality the big banks have effective control over the democratic process. This means that no government which borrows from banks can ever pass effective legislation to reverse this usurpation of humanity's quest for political freedom.