{"id":9666,"date":"2026-05-05T09:39:00","date_gmt":"2026-05-05T09:39:00","guid":{"rendered":"https:\/\/ccmj.org.uk\/wp\/?p=9666"},"modified":"2026-05-06T09:51:40","modified_gmt":"2026-05-06T09:51:40","slug":"webinar-an-economy-built-on-debt-is-there-a-way-out","status":"publish","type":"post","link":"https:\/\/ccmj.org.uk\/wp\/archives\/9666","title":{"rendered":"Webinar: “An Economy Built on Debt \u2014 Is There a Way Out?”"},"content":{"rendered":"\n

———- Forwarded message ———
From: Steven – American Monetary Institute<\/strong> <members@monetary.org<\/a>>
Date: Tue, 5 May 2026 at 17:10
Subject: Webinar: “An Economy Built on Debt \u2014 Is There a Way Out?”
To: Peter Challen <peterchallen@gmail.com<\/a>><\/p>\n\n\n\n

\"\"<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Dear Peter Challen,<\/strong>

Global debt just reached a historic record of $348.3 trillion \u2014 more than three times the size of the world economy.<\/strong>\u00a0Mortgages, consumer loans, corporate debt, and government deficits continue to grow at extraordinary speed. Why?\u00a0

There is an explanation that is rarely discussed in public debate. In today\u2019s system, money itself is created as debt. This means\u00a0the money supply can only grow as debt grows<\/strong>. Is there a way out from under the ever-growing mountain of debt?\u00a0

Together with 11 partner organizations, we have invited former\u00a0IMF and Bank of England economist Dr. Michael Kumhof<\/strong>. He explains how the current system fuels over-indebtedness, inequality, and financial crises \u2014 and\u00a0presents a credible and realistic alternative: debt-free money.<\/strong>

Read more and register now to secure your spot on Thursday, May 28, 12.30-2pm EDT (18.30-20.00 CEST):<\/strong> As Dr. Kumhof explains, almost all money today is created by private banks when they grant loans.\u00a0We borrow the entire money supply and pay interest to private banks for the money to exist.<\/strong> Register Now<\/strong><\/a>

What’s the problem with that? For many decades, the money supply\u2014and thus our debt\u2014has grown 2\u20133 times faster than GDP.\u00a0

In other words, our debt is growing faster than our income. It’s like trying to climb a mountain that’s growing taller faster than you can climb it.\u00a0

Sooner or later, the mountain of debt will become too great, leading to another financial crisis. At that point, the government will be forced to bail out the banks\u2014otherwise, the money supply risks collapsing and the ability to make payments will be wiped out.<\/strong>

Find links to his key articles and read much more about this webinar on the registration page.
Michael Kumhof is a central banker who combines his skills with a concern for humanity. It is not for one person to carry the world on his shoulders, but Michael has done humanity and our community a great service by advancing monetary reform. Register Now<\/strong><\/a>

Best regards,\u00a0Steven, Lucille, Govert, Mike, Samuel, Patrick, Joe
and the rest of the team at the American Monetary Institute.<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

———- Forwarded message ———From: Steven – American Monetary Institute <members@monetary.org>Date: Tue, 5 May 2026 at 17:10Subject: Webinar: “An Economy Built on Debt \u2014 Is There a Way Out?”To: Peter Challen <peterchallen@gmail.com> Dear Peter Challen,Global debt just reached a historic record of $348.3 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9666","post","type-post","status-publish","format-standard","hentry","category-agenda"],"_links":{"self":[{"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/posts\/9666"}],"collection":[{"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/comments?post=9666"}],"version-history":[{"count":4,"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/posts\/9666\/revisions"}],"predecessor-version":[{"id":9672,"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/posts\/9666\/revisions\/9672"}],"wp:attachment":[{"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/media?parent=9666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/categories?post=9666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ccmj.org.uk\/wp\/wp-json\/wp\/v2\/tags?post=9666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}