(March 27, 2016 at 4:49 am)Mathilda Wrote:(March 26, 2016 at 2:33 pm)scoobysnack Wrote: Our debt has skyrocketed under Obama, which is the only reason we are still going. Part of the plan is to get the US into further debt to make the collapse enough to bring in the new system.
You don't need a plan to get further into debt, it's going to happen regardless of what people try to do. Money is debt. Watch the video below to find out about fractional reserve banking. The economic system is inherently flawed.
In a nutshell though lending creates money. Money lent needs to be repaid back with interest so there is never enough money in existence to pay back all the loans. Debt always increases faster as a result. An upshot of this is that there will always be a percentage of the population that fail.
Yep, but still, while I agree with this, the problem will always be literally input vs output vs return, and even in science you always have more energy going in, bleed off, and less output. And it is the same reason, while I don't mind at all people moving up or having more, I hate that bullshit "you can do it" when left alone by itself. Certainly you can try and some people do reach that top. But for everyone that does, there will still be far more, no matter how good they might be, that wont.
The problem isn't inequity but the GAP. We had bartering long before coins and paper currency. We bartered food and animals and pelts as money prior to money existing. So there really is no getting rid of a barter exchange because we are social animals.
BUT, we can and should get rid of the stupid idea that those with the power have special rights or more rights than the rest of us. Wealth IS needed to do things, but just like in evolution, it is simply ONE attribute, but not the only attribute in an economy. It still remains there will always be more workers than business owners. So the more stable the worker is the better everyone does, including business.