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National governments should control their own money, scrap interest entirely. Let the market decide what each currency is worth for international trading. The
by beginnings 3y ago
National governments should control their own money, scrap interest entirely. Let the market decide what each currency is worth for international trading.
The status quo international banking system is designed to enslave, and governments can't do anything about it because the banks are above them.
How anyone can defend the current system is beyond me. It's not remotely close to being the best we can do, it's a scam at every level, way more complicated that it needs to be, by design.
- highwayman47 3y agoWhat is the alternative?
- beginnings 3y ago[flagged]
- lottin 3y ago> National governments should control their own money, scrap interest entirely. Let the market decide what each currency is worth for international trading. Isn't this how the current system already works? Except for the "scrap interest entirely" part, which I'm not sure know what it means.
- beginnings 3y agoNo, governments don't control the money printing machines. Scrapping interest means that when the money is loaned after being printed, there isn't a debt attached to it.
- lottin 3y agoI don't think that this makes any sense. Debt is inherent to the act of lending. A loan that doesn't have a debt attached to it isn't a loan, it's a donation.
- beginnings 3y agoAre you actually that dense, or are you being obtuse? Of course, the initial loan amount is owed. So when I say a debt is attached, it means it's added on top of the loan amount, that's called interest. What I mean by scrapping interest, is that no extra debt is created when money is loaned after being printed. If 500 is loaned, 500 is owed. The way it currently is, the loan amount is owed plus interest, creating a debt that can never be paid because there isn't enough money in existence to pay it. The Germans had a saying - "One Mark for one Mark's worth of work or goods produced". This is how they solved the inevitable hyperinflation of the international system. They went from a situation where you couldn't buy a loaf of bread with a barrel of Marks, to being the richest nation in Europe within 3 years. That's why WW2 happened, it was a clash of economic ideologies.
- lottin 3y agoI see... you mean banning interest. That would be a form of price control, and price controls don't tend to work very well, historically. The idea that there isn't enough money to pay interest is "interesting", but unfortunately it's also wrong. At any rate, when there isn't enough money what happens is deflation, not inflation.
- realjhol 3y ago> It's not remotely close to being the best we can do "We" can't do anything at all. We are modern day peasants, and we will accept what the regime tells us to accept