Cog wrote:I am trying to help you face the reality of your situation. In that way, I am benefitting you and the board as a whole. Its the sort of giving type guy that I am.
davep wrote:No proposal to "save the world" will work without addressing (my hobby horse of) money creation as debt, where money creation and attribution are both in the hands of the banks. It leaves more and more debt as growth rates recede. Money is created when taking out a loan, then destroyed as it is repaid, leaving the debt element to be found from other money created as debt (hence the need for growth).
americandream wrote:davep wrote:No proposal to "save the world" will work without addressing (my hobby horse of) money creation as debt, where money creation and attribution are both in the hands of the banks. It leaves more and more debt as growth rates recede. Money is created when taking out a loan, then destroyed as it is repaid, leaving the debt element to be found from other money created as debt (hence the need for growth).
That is Austrian piffle and bunkum. The value intrinsic in money is the labour surplus of labourised capitalism. The banks are both printing press and conduit through which that value is available for immediate exchange or forwardising in one or other form, money or debt instrument. Likewise the exchanges through which that value is bought and sold in instrument form.
davep wrote:No proposal to "save the world" will work without addressing (my hobby horse of) money creation as debt, where money creation and attribution are both in the hands of the banks. It leaves more and more debt as growth rates recede. Money is created when taking out a loan, then destroyed as it is repaid, leaving the debt element to be found from other money created as debt (hence the need for growth).
GregT wrote:davep wrote:No proposal to "save the world" will work without addressing (my hobby horse of) money creation as debt, where money creation and attribution are both in the hands of the banks. It leaves more and more debt as growth rates recede. Money is created when taking out a loan, then destroyed as it is repaid, leaving the debt element to be found from other money created as debt (hence the need for growth).
Says the dog with the funny green costume thing going on.
Of course, it should be simple to understand, even for a dog, but apparently it isn't. Why is that?
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