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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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.