(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.
Yes I've seen that video before. Great short film to explain fiat currency.