If all money is created through lending, and all loans have interest, then there will always be more debt than there is money.
How can we be expected to pay more money than exists to afford the principle plus interest?
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therighttothink50 · 56-60, M
The questions which need to be addressed are: is money today backed up by any tangible asset? No.
Is the government backing up this money? No. Is the private company, the Fed who we are told is backing up this money who claims to provide this insurance to the banks capable of insuring every lenders deposit? No.
Is money worthless backed by nothing? Yes. Is money only useful when there is a system in place where the people have faith in the system and the currency? Yes.
Are real interest rates dependent upon real market factors rather than imposed fiat rates determined by the Fed, a rogue private company? Yes. Did the last twenty years give us interest rates based on reality? No.
Do the people in Congress have any clue that you can't just keep borrowing and printing money without eventually destroying the whole system? No.
Have the savers/responsible people been screwed over the last twenty years by evil corrupt presidents and Congress? Yes.
What will be the end game of a government who chooses to enslave its citizens with endless debt and chooses to bring people into this country who will never save a dime and just create more endless debt? A socialist hellhole which will most likely lead to a Civil War after the financial collapse. Because if there is one thing people care about it, it is their money they worked for their entire lives saving and accumulating. When they see it vanish over night, you will see real outrage and real anger. Something Hussein Obama and George Soros could never contrive in their wildest dreams.
What was the greatest act of treason committed by one single US President? The ten trillion dollars in debt Hussein Obama heaved onto the backs of every US citizen. He did it for one reason: to destroy the US middle class and this nation. The rogue Congress who were also complicit in this crime against America deserve to rot in hell for eternity as well.
From the phoniest and most treasonous president in American history, Barack Hussein Obama. This quote uttered roughly nine years ago, before the nearly ten trillion dollars in debt this piece of crap added onto the American middle class.
To boot this was done at virtually a zero percent interest rate which makes it even more outrageous. Just imagine how much more this figure would be if interest rates weren't rigged for the last decade or so. Here is the quote from the phony and chief:
Remember when the phony piece of crap uttered these words:
“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.
“That's irresponsible. It's unpatriotic,” said candidate Obama.
I guess the "man" who is quoted above didn't have a mental illness. He was just diabolical and methodical in enslaving an electorate who was nothing more than sycophantic to this piece of crap. A psychopath who tried to destroy an economy and a nation. To the modern day liberal Obama was a moderate, a nice guy who just didn't get the full cooperation he needed to make the country better. Nothing will change until liberals come to grasp with reality and most of them never will.....
Is the government backing up this money? No. Is the private company, the Fed who we are told is backing up this money who claims to provide this insurance to the banks capable of insuring every lenders deposit? No.
Is money worthless backed by nothing? Yes. Is money only useful when there is a system in place where the people have faith in the system and the currency? Yes.
Are real interest rates dependent upon real market factors rather than imposed fiat rates determined by the Fed, a rogue private company? Yes. Did the last twenty years give us interest rates based on reality? No.
Do the people in Congress have any clue that you can't just keep borrowing and printing money without eventually destroying the whole system? No.
Have the savers/responsible people been screwed over the last twenty years by evil corrupt presidents and Congress? Yes.
What will be the end game of a government who chooses to enslave its citizens with endless debt and chooses to bring people into this country who will never save a dime and just create more endless debt? A socialist hellhole which will most likely lead to a Civil War after the financial collapse. Because if there is one thing people care about it, it is their money they worked for their entire lives saving and accumulating. When they see it vanish over night, you will see real outrage and real anger. Something Hussein Obama and George Soros could never contrive in their wildest dreams.
What was the greatest act of treason committed by one single US President? The ten trillion dollars in debt Hussein Obama heaved onto the backs of every US citizen. He did it for one reason: to destroy the US middle class and this nation. The rogue Congress who were also complicit in this crime against America deserve to rot in hell for eternity as well.
From the phoniest and most treasonous president in American history, Barack Hussein Obama. This quote uttered roughly nine years ago, before the nearly ten trillion dollars in debt this piece of crap added onto the American middle class.
To boot this was done at virtually a zero percent interest rate which makes it even more outrageous. Just imagine how much more this figure would be if interest rates weren't rigged for the last decade or so. Here is the quote from the phony and chief:
Remember when the phony piece of crap uttered these words:
“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.
“That's irresponsible. It's unpatriotic,” said candidate Obama.
I guess the "man" who is quoted above didn't have a mental illness. He was just diabolical and methodical in enslaving an electorate who was nothing more than sycophantic to this piece of crap. A psychopath who tried to destroy an economy and a nation. To the modern day liberal Obama was a moderate, a nice guy who just didn't get the full cooperation he needed to make the country better. Nothing will change until liberals come to grasp with reality and most of them never will.....
😌the concept of a commune would best explain a reasonable approach to this as an intentional community of people living together, sharing common interests, often having common values and beliefs, as well as shared property, possessions, resources, and, in some communes, work, income or assets.- Money would mean nothing
It's only a representation for a trade-able good that many use to get and give resources
It's only a representation for a trade-able good that many use to get and give resources
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@Invisible You find no relevance
but... that's simply perspective and your welcome to what you see (even if it wasn't so in others eyes)
but... that's simply perspective and your welcome to what you see (even if it wasn't so in others eyes)
Invisible · 26-30, M
@SirDurpsAlot The only relevance that communism has to the policy of money creation is that the centralization of money creation is a communist idea.
You might not agree with that statement, but you clearly know nothing of what communism really is. Communism is not ownership of everything by the people, it is ownership of everything by the government. Everything becomes centralized and seized and the people who are not in control of the beast lose all freedom.
Communist ideas effectively are and should be limited to the household.
You might not agree with that statement, but you clearly know nothing of what communism really is. Communism is not ownership of everything by the people, it is ownership of everything by the government. Everything becomes centralized and seized and the people who are not in control of the beast lose all freedom.
Communist ideas effectively are and should be limited to the household.
therighttothink50 · 56-60, M
@SirDurpsAlot Yes your perspective only works in the land of liberal delusion on a Commie professors chalkboard, where everybody "thinks" alike.
Your premise is dearth of reality, it never takes into account the natural human instincts of people who wish to live free, to be competitive and yes to be greedy. To dream and who want a better life. No, to you and others who embrace the coming technocrat enslavement, a global utopian commune is a reality which can be attained, attained only if we all gave up our instincts, freedom and natural right to be individuals. But some of us choose to live free rather than become slaves of group thought and carnal pleasures. Take your socialist fables and stick them in the trash heap along with all the other empty promises and nightmares liberal utopianism and its illusion brings.
Your premise is dearth of reality, it never takes into account the natural human instincts of people who wish to live free, to be competitive and yes to be greedy. To dream and who want a better life. No, to you and others who embrace the coming technocrat enslavement, a global utopian commune is a reality which can be attained, attained only if we all gave up our instincts, freedom and natural right to be individuals. But some of us choose to live free rather than become slaves of group thought and carnal pleasures. Take your socialist fables and stick them in the trash heap along with all the other empty promises and nightmares liberal utopianism and its illusion brings.
Picklebobble2 · 56-60, M
As long as there's debt, there's interest being paid on debt.
And that suits the system fine until people want to borrow more than they can comfortably afford to repay.
Extra hard at the moment since employers are having a laugh at workers expense by only increasing wages in line with inflation as they have done over the last ten years.
And that suits the system fine until people want to borrow more than they can comfortably afford to repay.
Extra hard at the moment since employers are having a laugh at workers expense by only increasing wages in line with inflation as they have done over the last ten years.
Invisible · 26-30, M
@SW-User No, not quite capitalism. There is at least one alternative to the madness: spending money into existence rather than lending. This removes the issue of there always being too little money in the system to pay all of the debts. In this kind of system, the issuer of the currency would create money and exchange it for goods/services with the promise that the money paid would be usable in place of taxes.
SW-User
@Invisible Keynesian economics
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SW-User
loophole in the system, is this what you want to say ?
Invisible · 26-30, M
@SW-User Do you know what the word loophole implies? An ambiguity that allows for something unintentional. This, on the other hand is clear as day and intentional. I would not call it a loophole, just cruel.
SW-User
@Invisible why would someone want to set up a system that is cruel?
sogdianrock · 61-69, M
hi Invisible
Interest is not money. Interest is future money. Inflation, depreciation and growth of the money supply accounts perfectly for this situation.
best wishes
:)
Interest is not money. Interest is future money. Inflation, depreciation and growth of the money supply accounts perfectly for this situation.
best wishes
:)
SW-User
This is where inflation comes in and keeps increasing.
Invisible · 26-30, M
@SW-User Inflation has nothing to do with this
SW-User
@Invisible When there is less money circulating in the economy and more debt, inflation becomes a part of it, because money needs to be created. x
Invisible · 26-30, M
@SW-User The value of a dollar doesn't matter. The amount of money in the system doesn't matter. The only thing that matters is that all money that is created is loaned into existence.
Say I start printing Invisi-bucks and lend them to you. I give you $100 and demand that you pay me back with 5% interest. If there are no other Invisi-bucks, how do you pay me back with interest? At most you can pay the principle. You will always be in debt to me because there will never be enough money, even if I loan you more to make more interest payments.
Say I start printing Invisi-bucks and lend them to you. I give you $100 and demand that you pay me back with 5% interest. If there are no other Invisi-bucks, how do you pay me back with interest? At most you can pay the principle. You will always be in debt to me because there will never be enough money, even if I loan you more to make more interest payments.