If you could print all the money you wanted, and steal all the money you wanted, couldn’t you manage to stay out of debt?
A Wip Wondering
If you could print all the money you wanted, and steal all the money you wanted, couldn’t you manage to stay out of debt?
Not if your job is to provide a free middle class lifestyle to every third worlder on the planet.
One big problem. EACH and EVERY Dollar is DEBT.
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Not quite every dollar…but 96.8% is close enough.
https://www.federalreserve.gov/faqs/currency_12773.htm
Whilst Unsubsidized is correct in his observation that ‘EACH and EVERY Dollar is DEBT’, he misses an important truth. Whereas currency (misinterpreted as ‘money’) is indeed debt, actual money is not, otherwise it wouldn’t be money.
So, as I see it, the trick is to print and steal as much ‘money’ as is technologically possible and parley that into real money – gold, productive assets etc. Allow the currency to collapse, rinse and repeat.
I don’t see the Rothschilds going broke anytime soon.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that banking institutions are more dangerous to our liberties than standing armies…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
I wonder why the education system does not teach the really important things to students.
1) By far the most important, you are assuming that “they” want the government to be out of debt. In reality, the public debt is one of the most important means for the banksters to acquire assets that they have no right to.
2) Far less important, there are limits to how much you can steal before you destroy the productive base. Observe that some of the European lands most raided by the Vikings ended up abandoned for centuries.
3) The question of printing money vs. currency (fiatscos) is also important, but not as important as #1.
Not if that money is debt based.
Sound money = quality over quantity.
Fiat money = (ever increasing) quantity over quality.
How an economy grows, and why it crashes.
Debt freedom is a discipline, sorely lacking by the majority of slaves to debt. Living within your means is another rare discipline. Here’s great short book recommendation for teaching young adults how to get it right; The Richest Man in Babylon, by George S. Clason. Written in bible speak, be forewarned. Small paperback. Excellent lessons. ~ Aloha
If we were just printing money we wouldn’t be in the pickle we are in now.
Because we aren’t printing it, we’re borrowing it.
And with every dollar borrowed carrying an interest obligation with it, the only way to pay it off is to borrow the same amount plus the interest due on it which makes paying the debt off rather impossible since the new debt also bears an interest obligation and the new total is greater than the old total.
All we can do is exchange new debt for old debt in endless and ever increasing amounts.