skanda42 před 3 let od mobile
It's not money that makes people poor. It's people who make people poor.
Bark Maddog před 3 let
Yes, and they use todays money system as the main tool for making you poor.
Hey Nicepod před 3 let

It is not just poor. The present way we emit money creates, among other, artificial competition.



We have to fight for mathematically non-existent interest in the economy. The total amount of money in circulation is always lower then emitted money through debt plus interest to be paid.

#poor #money #emission #moneyemission #artificial #competition #artificialcompetition #interest #economy #moneyincirculation #debt #slavery #modernslaves #slaves #change #changethesystem #system
skanda42 před 3 let
The total amount of money in circulation is always lower then emitted money through debt plus interest to be paid.

Contrariwise © Tweedledee (or was it Tweedledum?)

Have you ever heard of "money multiplier", "currency to deposit ratio" or "money creation"?
Bark Maddog před 3 let
P.S.: You want to say that the system is bad, but instead your are trying to describe how it works. While I agree with you on that the system is bad, I doubt your understanding of its inner workings. Not that it mattered much, though...
Bark Maddog před 3 let
"In an ideal scenario, when velocity is sufficient and the interest is spent back into circulation, principal plus interest can be repaid.

But for other reasons, the basic problem still is the same: velocity is very low in practice, making it impossible to pay for both and the leaking of money to the financial economy, the ‘upper loop’ is probably even worse."

https://goo.gl/fP4ZR5
skanda42 před 3 let
Related topic:

The Keynesian Endpoint



The Keynesian endpoint is when the entirety of government tax revenues has to be used for paying interest on the public debt. At this point a sovereign feels compelled to monetize an exponentially increasing debt load and/or default.

#Europe #Keynesian #endpoint #Keynesianendpoint #entirety #government #tax #revenues #used #for #paying #interest #public #debt #publicdebt #this #point #sovereign #feels #compelled #monetize #exponentially #increasing #debt #load #default

http://www.addogram.com/2013/02/the-keynesian-endpoint-in-europe/

skanda42 před 3 let