Debt-free Money Creation

Under the current system, up to 97% of the money in circulation has been created out of thin air by commercial banks when they make loans.  Effectively, every one of us has to rent the monetary tokens that we use from Commercial Banks.

With the N-Euro system, the money will be created by Governments debt-free. Public sector workers and pensioners will receive  N-Euros directly from  governments, and governments will not need to go and borrow from Commercial banks.

A major reduction in direct costs

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