[quote=CA renter][quote=arraya]And the debt problem is directly linked to the mechanics of money creation. It does not function if you don’t have ever increasing amounts of debt creation. That is why they state mandate it.
There is no such thing as having a debt free society with the way money works.. That would mean there would be no money.
debt=money
[/quote]
Yes. And this is the basis of our problem. As much as everyone likes to vilify Karl Marx, if people would take the time to read what he had to say, he addresses this problem very well. It is essentially the foundation for his beliefs, IMHO. Not saying I agree with all his philosophies, but if one takes the time to actually read what he wrote in its entirety, it’s obvious he was extremely intelligent and had a very good grasp of economics.
Debt-based money creation cannot continue indefinitely. When it reaches its climax, the only possible result is total economic destruction. I believe we are there.[/quote]
Adjustments and convulsions in the system/means of production and distribution and redistribution can lead to lower standards of living here, but for the debt issues we have a great big reset button. It is actually more like a reset control circuit full of jammed up multiplexers and chattering relays that will eventually close and complete the circuit. Obviously, not every one will manage the demands which arise during the time lapse well,or like the ramifications that come about in the meantime, but in the end it will more or less work again, for a while.
For anyone looking at the active Ron Paul thread, Mr. Paul seems to be talking about increasing global economic concerns being connected to the reset circuit and he doesn’t favor it. I can understand his point of view on that given his political stances expressed during his presidential candidacy.
