Weak global economy, uncertainty looms over BRICS summit
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The BRICS Summit comes at a time when the global economy is struggling and there is growing uncertainty over the possible impacts of Brexit. Geopolitical concerns are also weighing heavily as Russia and the US continue to disagree on a solution for Syria. CCTV’s Sumitra Nydoo takes a look at what's on the BRICS agenda this weekend. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
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Only changing the way "money" comes into existence will solve the problem.
Instead of the banks creating money as a debt that must be repaid with "interest", the Governments should create money and only part of that money taxed back by the Government, thereby leaving some "liquidity" in the system after the cycle.
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