The reality of the global debt money system

Colette Browne’s cynicism (Opinion, Feb 8) regarding the hypocrisy displayed by a member of the banking elite is sincere, but she didn’t pinpoint the real conundrum of our money system.

Namely, that it is entirely a debt money system.

Another way of stating this fact is acknowledging that “money” is people’s promise to pay back more ‘debt money’ in the future.