Home › Forums › Financial Markets/Economics › Debt saturation
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Aecetia.
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March 21, 2010 at 9:06 PM #528650March 21, 2010 at 10:47 PM #529512
CA renter
ParticipantSpot-on, Arraya, excellent link. Thanks for sharing it.
March 21, 2010 at 10:47 PM #529154CA renter
ParticipantSpot-on, Arraya, excellent link. Thanks for sharing it.
March 21, 2010 at 10:47 PM #528704CA renter
ParticipantSpot-on, Arraya, excellent link. Thanks for sharing it.
March 21, 2010 at 10:47 PM #528574CA renter
ParticipantSpot-on, Arraya, excellent link. Thanks for sharing it.
March 21, 2010 at 10:47 PM #529253CA renter
ParticipantSpot-on, Arraya, excellent link. Thanks for sharing it.
March 22, 2010 at 12:36 AM #529562ucodegen
ParticipantI have to agree, very good article. I hope people realize that debt has a cost.. it only puts off the day of payment. It is only useful if you get more out of debt than it costs.
March 22, 2010 at 12:36 AM #528755ucodegen
ParticipantI have to agree, very good article. I hope people realize that debt has a cost.. it only puts off the day of payment. It is only useful if you get more out of debt than it costs.
March 22, 2010 at 12:36 AM #528624ucodegen
ParticipantI have to agree, very good article. I hope people realize that debt has a cost.. it only puts off the day of payment. It is only useful if you get more out of debt than it costs.
March 22, 2010 at 12:36 AM #529204ucodegen
ParticipantI have to agree, very good article. I hope people realize that debt has a cost.. it only puts off the day of payment. It is only useful if you get more out of debt than it costs.
March 22, 2010 at 12:36 AM #529303ucodegen
ParticipantI have to agree, very good article. I hope people realize that debt has a cost.. it only puts off the day of payment. It is only useful if you get more out of debt than it costs.
March 22, 2010 at 10:37 AM #528950Arraya
ParticipantThis is kind of a damned if you do damned if you don’t situation. Slowing debt creation would cause a massive contraction of money supply because of lack of “new” money in the system to service debt. Practically all money is debt. The kicker is that there is never enough money in existence to pay off existing interest so it must continuously keep creating more debt/ money. It is a grow or die system.
Now we’ve come to an interesting point where piling more debt on is also destructive,as indicated in the article, but is a slower “crash” because they are still pumping money into the system. The problem is job creation has stopped and wages are deflating(albeit minimal). Which means, no more new debt slaves and less ability to service debts amongst the working. So the only thing the can do to stop massive deflation is pile on more and more government debt and various forms of “Printing” to feed the monetary system. I can’t imagine they can keep this up for too much longer. Eventually, we have to have a monetary system crash of some flavor.
This is an “irreconcilable contradiction” of the monetary system.
March 22, 2010 at 10:37 AM #529757Arraya
ParticipantThis is kind of a damned if you do damned if you don’t situation. Slowing debt creation would cause a massive contraction of money supply because of lack of “new” money in the system to service debt. Practically all money is debt. The kicker is that there is never enough money in existence to pay off existing interest so it must continuously keep creating more debt/ money. It is a grow or die system.
Now we’ve come to an interesting point where piling more debt on is also destructive,as indicated in the article, but is a slower “crash” because they are still pumping money into the system. The problem is job creation has stopped and wages are deflating(albeit minimal). Which means, no more new debt slaves and less ability to service debts amongst the working. So the only thing the can do to stop massive deflation is pile on more and more government debt and various forms of “Printing” to feed the monetary system. I can’t imagine they can keep this up for too much longer. Eventually, we have to have a monetary system crash of some flavor.
This is an “irreconcilable contradiction” of the monetary system.
March 22, 2010 at 10:37 AM #529498Arraya
ParticipantThis is kind of a damned if you do damned if you don’t situation. Slowing debt creation would cause a massive contraction of money supply because of lack of “new” money in the system to service debt. Practically all money is debt. The kicker is that there is never enough money in existence to pay off existing interest so it must continuously keep creating more debt/ money. It is a grow or die system.
Now we’ve come to an interesting point where piling more debt on is also destructive,as indicated in the article, but is a slower “crash” because they are still pumping money into the system. The problem is job creation has stopped and wages are deflating(albeit minimal). Which means, no more new debt slaves and less ability to service debts amongst the working. So the only thing the can do to stop massive deflation is pile on more and more government debt and various forms of “Printing” to feed the monetary system. I can’t imagine they can keep this up for too much longer. Eventually, we have to have a monetary system crash of some flavor.
This is an “irreconcilable contradiction” of the monetary system.
March 22, 2010 at 10:37 AM #529399Arraya
ParticipantThis is kind of a damned if you do damned if you don’t situation. Slowing debt creation would cause a massive contraction of money supply because of lack of “new” money in the system to service debt. Practically all money is debt. The kicker is that there is never enough money in existence to pay off existing interest so it must continuously keep creating more debt/ money. It is a grow or die system.
Now we’ve come to an interesting point where piling more debt on is also destructive,as indicated in the article, but is a slower “crash” because they are still pumping money into the system. The problem is job creation has stopped and wages are deflating(albeit minimal). Which means, no more new debt slaves and less ability to service debts amongst the working. So the only thing the can do to stop massive deflation is pile on more and more government debt and various forms of “Printing” to feed the monetary system. I can’t imagine they can keep this up for too much longer. Eventually, we have to have a monetary system crash of some flavor.
This is an “irreconcilable contradiction” of the monetary system.
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