Byron Dale - The end of the Debt Money System hearing

[joy4118]

Byron Dale doesn't confuse the issue with people. It is debt, and interest charged on the debt that lets bankers unjustly enrich themselves by putting nearly everyone else in debt and servitude.

[Crackweedhoes]

why dont we change the world banking system and stop this "interest" bullshit money cant come from nowhere

[dolphin8743]

This would be a great way to fund our infrastructure. Moreover, it would create real wealth and facilitate the creation of even more wealth.

As far as price inflation, what would be more expensive, paying for a bridge once or paying for a bridge once plus 30 years of interest payments?

Paying for projects once is a whole lot smarter than paying for the same project 2 or 3 times over. This solution is actually incredibly anti-inflationary.



[philoplatt]

I think what the people are hearing in this room is "why don't we just let the government keep spending, and not tax the money out". This is not going to compute in a rational mind. It would of course bring the economy to full velocity, but would be inflationary. It is not a long term solution.

[tadaa11]

@philoplatt Under normal circumstances it would cause inflation, but since we are so over leverage, we can just take leverage out as we add new money in. After balance is achieved, we should add at or just slightly more than population growth to have small inflation. Spending it directly into the economy would be better because the leverage cycle wouldn't began.

[philoplatt]

The banking industry must be completely deconstructed. Take the creation of cash completely away from banks - shut them down. The government should loan a certain same amount of public cash to every producer. Go through a broker to invest, or raise extended credit or funding - be invested in.

[Danster82]

issue a bill instead of a bond

The end