You are viewing a single comment's thread from:
RE: The Difference Between a Person and Everyone.
I’m glad Claybon shared this post. It made me wonder what would happen if instead of increasing pay, taxes, and prices we decreased. With the mind set that we earn less and will spend less. Until everyone does pay off their debt. What then?
Well, this is what was happening before the FED was illegally placed over america.
Piece 1: Mortgage is a french word meaning death note. Or you will pay until you die.
The mortgages where never designed to be repaid. All of the houses have been paid for four or five times over. If we stopped using fractional reserve lending banks, then all the loans get paid off.
Piece 2: As innovations in manufacturing happen, then the price of goods drops. It is only because inflation has been so high (about 12% per year) that the price of goods hasn't gone down.
Piece 3: Fractional reserve lending requires more money to be borrowed into existence than ALL of the interest and principal paid that year, or the system implodes. Thus, every year the national debt goes up. (it cannot be paid off)
So, we implement a real money that cannot just be printed willy-nilly. Such as crypto-currencies. And when good cryptos are all that anyone uses, than you have just what you described.
True, but then you have more and more coins entering the system and existing coins being spilt into two. I just wonder if our lack of self discipline and lack of debt free mindset will change our debt situation regardless of our currency choice.
Splitting in two actually makes more people rich. It is a weird phenomena.
Fractional reserve lending makes all the people poor while making the bankers rich.
And really, if you look at the inflation rate before the FED in america, all the prices were going down and all the houses were paid off.
Yes, there are better ways. And humanity will find them. But first, a real money that we can know and trust.