It seems like a new banking system backed by something tangible again like how it was in the 1800's and prior would be a good move but would those of us in debt still be in debt to the banks? If not, how would our debts magically be absolved?
Example, say you owe money on your car and you have a ton of outstanding debt to a bank or credit lender. How exactly does implementing a new system of banking nullify this? Can't the bank still say "Since the USD is defunct, now you owe us the "New US Treasury Certificate" equivalent of that amount"?
I just can't quite put 2 and 2 together how the new currency would be debt free without older debts being absolved first.
accounting 101 should be taught in kindergarten thru 12th grade.
we do not have "money" per se.
we have a system of debits and credits.
and on top of that system of debits and credits,
we have a system of USURY.
USURY is the root of all evil.
if we can get rid of USURY, we could liberate ourselves, and our future generations.
USURY is the mechanism by which the rich get richer, and the poor get poorer.
USURY is the mechanism by which the wealth is taken from those who create it, which are the laborers, and transferred to the USURY CLASS.
the USURY CLASS then uses their massive wealthy to buy everything from newspaper companies to factories to single family homes.
USURY is the tool of enslavement.
USURY is the beast system.
USURY is their primary tool of acquiring unlimited wealth and power.
USURY is insatiable.
USURY is unsustainable.
and USURY is completely unnecessary.
you can Vote for Donald Trump, but Trump is just one man, with limited power.
and you leave this system of usury in place, Donald Trumps attempt to drain the swamp will be a footnote of history.
for real, lasting change, we must dismantle the usury based "money" supply.
but first, we must educate ourselves,
and then we must educate others.
once we have made our case, for what the problem is,
then we can make the case for what to do about it.
i have run the numbers, and i can tell you that any compounding interest rate above 0.00% will always be unsustainable in the long run.
it always "goes asymptote", and shoots for the moon.
as Jefferson allegedly said, paraphrased,
"first by inflation, then by deflation"
the is why there are cyclical BOOM and BUST cycles regularly throughout history.
they inflate the money supply, then they deflate the money supply.
and theres a certain group of people who always seem to get blamed,
every time the economy crashes, and people start to educate themselves about how the economy really works.
and this group of people has been kicked out of well over 100 different countries,
allegedly because of "hate"
because in the minds of the usury class, its "hateful" for you to deny them the right to enslave you with their usury, because thats just their religion, where they are the master, and you are the slave. and to deny the master his rightful ownership of you, is hateful.
It's not just the interest. They create money out of thin air. It's not like they had some gold and we borrowed it.
They had nothing to start with.
They can have back exactly what they started with.
Nothing.
Yes!
This is the answer; all the above is venting.
Edit, they can have back the currency they collectively decanted to nothing. Whether it's replaced by actual value currency (which debtors repay at the ORIGINAL VALUE of the currency at the time they initially took out the loan) or with worthless currency (that we print out at will JUST LIKE THEY DID), something gets paid back and cancels the debt.
Personally I'd think it's fair to pay back what we originally promised, but valued properly.
Paying back the debt with worthless currency seems like the best option.
I’m hoping that’s what happens.
Home printers go brrrrrr.... Kek
Turn this entire thing into post fren
Tell me, do they charge usury to one another in this group?
Excellent comment! I would add one small distinction:
USURY is the Harlot system
Sounds commie.