A debt-money monetary system guarantees you will go broke in the long run. As most of the world suffers under such systems, is it any wonder that debt is at an all time high… The Oligarchs dream is to destroy the current system without damaging the viability of the Golden Goose (debt-money) so that the next debt-serfs(Asians) can keep them the Bentleys and mansions.
robert h siddell jr
June 23, 2015 2:05 pm
The Virgin Mary told Sister Madeleine Pourcain’s in 1843 that “there will be a 6th plague when the world’s economic cart wheel loses it’s pivot point, confidence, and the WHOLE WORLD goes bankrupt” The US gold & silver backed money system existed over 200 years and prices were stable but about 1972 it was replaced with our fiat debt money system which allowed unlimited Federal printing and spending. Those close to the money printing spigot become rich but those far from it became poorer due to inflation. The debt money system must constantly grow and produce more loan money in circulation than is repaid (principal and interest) or the money supply in circulation shrinks and causes a recession. The fatal flaw is that the economy and money supply cannot grow forever and a fiat debt money system always collapses within about 50 years. The US fiat dollar is on it’s last leg. .
Westcoaster
June 23, 2015 3:48 pm
I think a good analogy of the situation in Greece is what the banksters did to Birmingham, AL. They manipulated, bribed, and bullied the local yokels into a deal they KNEW would blow up down the road; in the meantime stuffing all the profits from the deal into their pockets.
How do you think Jamie Dimon became a Billionaire?
My advice for the Greeks is to go Icelandic on their asses and default, then start over.
Anonymous
June 23, 2015 4:58 pm
Produce as much as you consume or end up the servant of those who produce more than they use and give you their excess with a promise of your future return of it.
So wrong.
A debt-money monetary system guarantees you will go broke in the long run. As most of the world suffers under such systems, is it any wonder that debt is at an all time high… The Oligarchs dream is to destroy the current system without damaging the viability of the Golden Goose (debt-money) so that the next debt-serfs(Asians) can keep them the Bentleys and mansions.
The Virgin Mary told Sister Madeleine Pourcain’s in 1843 that “there will be a 6th plague when the world’s economic cart wheel loses it’s pivot point, confidence, and the WHOLE WORLD goes bankrupt” The US gold & silver backed money system existed over 200 years and prices were stable but about 1972 it was replaced with our fiat debt money system which allowed unlimited Federal printing and spending. Those close to the money printing spigot become rich but those far from it became poorer due to inflation. The debt money system must constantly grow and produce more loan money in circulation than is repaid (principal and interest) or the money supply in circulation shrinks and causes a recession. The fatal flaw is that the economy and money supply cannot grow forever and a fiat debt money system always collapses within about 50 years. The US fiat dollar is on it’s last leg. .
I think a good analogy of the situation in Greece is what the banksters did to Birmingham, AL. They manipulated, bribed, and bullied the local yokels into a deal they KNEW would blow up down the road; in the meantime stuffing all the profits from the deal into their pockets.
How do you think Jamie Dimon became a Billionaire?
My advice for the Greeks is to go Icelandic on their asses and default, then start over.
Produce as much as you consume or end up the servant of those who produce more than they use and give you their excess with a promise of your future return of it.