Money as Debt II Promises Unleashed (4 of 8)

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Bailouts, stimulus packages, debt piled upon debt, where will it all end?

How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers?

And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt!

Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT...and how w might evolve beyond it into a new era.

http://www.moneyasdebt.net/

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[jsnovais1000]

Incentives must focus on production, and not on financial interest money lending!

—Money is something the State can create at their will, and it should do it with tight control, so as not to get fooled by those who never want to do anything at all, and live at the expenses of those who work.

[jsnovais1000]

If the money creation process was handled, in the way I stated in my comment below, it would, probably, be possible to run all countries economies, without being necessary for their People to pay taxes; all loans´ interest payments might be more than enough to run the countries economies.

[jsnovais1000]

One easy way to solve all problems regarding money creation, and its control by the State, is: The State licenses money creation to the Private Banking System; right? No problem with that, provided that the payment of interest on loans is made to the State Banking System, instead, and in case of debt foreclosure, the property left as collateral, falls back into the hands of the State, where it really belongs.

—The Private Banking System could get payed on piece work, by the State, it works for!

[copperblade]

I like the ideas presented, but how do you avoid the liquidity traps inherent in a system where money is static? What incentive does anyone have to ever lend money without interest?

[hdzsound]

@TheLivingDeadOne

they dont keep cash at banks

We did this once,

You almost have to called them and get it prepared.

[MrOverdoser]

God said debt is a sin, but the Jews changed it to make it OK to charge interest from non-Jews (non believers). God came back with this- every 7 years you release any debts owed (That's why in the U.S. Bankruptcy is available every 7 years- at one point our fathers said in GOD we TRUST!) The Jews forget about Jubilee (Every 50 years we are to release ALL DEBTS and Slaves- a completely fresh start for ALL) and when Bankruptcy is not allowed people suffer. If we ALL loved God, we'd have no debt!

[NETWizzJbirk]

@TheLivingDeadOne The Federal Reserve is in on the scam, too... they will make good on CitiBank's empty promises by making more empty promises.

[JRMCNEA]

@axeld93 The problem when we come to the table with bankers being "careful" they threaten with economic collapse. When they realize their financial blunders they don't fess up, they send the market into a nose dive attempting to recoup as much investment as possible.You can't negotiate a truce with people entrenched in protecting their way of life. interest is not a tool to stabilize as we have been taught. it is a tool to gain money, without production of anything. And in turn is insidious.