Global Debt

[F5 Dave]

That's not how you spell you're.

So, No & No then.

And Ax " don't derail the thread"? That's rich coming from you.

[F5 Dave]

Probably a great many more times than you.

If you ride to work that's probably true. But my bikes(well, most of them) fire twice as often so that makes up for it.

[Berries]

Just getting this back on topic, my brother owes me a fiver and he lives in the UK. Now that's global debt, the bastard.

[R650R]

If I lend you $5,000, you have $5,000 of debt, and I have a $5,000 asset. Net debt in the "system" (you and me) is nil - $5,000 liability offset by $5,000 asset. Net debt can't exist.

Money doesn't come from nowhere - it is printed by reserve banks and conveyed by way of bond issue - and that's basically the situation above. It gets complex because fractional reserve banking then "creates" more money within the system, but net debt literally can't exist in this system.

Net Debt has to exist because so much credit given out to borrowers is spent on depreciating assets. Money comes out of thin air then when the borrower repays interest on the debt. Then the banks lend out that thin air money under fractional reserve system. An asset is only ever worth what the market will pay at the time.
Compopunding things is as more money is lent un fractional banking system it loses its value. This is masked by the charade of inflation...

You loan me $42,000 and i buy a 42,000 Pangiale, I owe you 42,000. Soon as I sign the papers the bike is worth less than 42,000.
Very soon I wreck the bike, get hurt and unable to repay you. The asset is gone, I'm in debt and your not getting anything cause im apoor sneaky bugger etc....

All of the worlds debt can never be repaid, theres not enough money even if people wanted too. China cant even claim its debt USA owes it as if it sent in the bailiff without managing to start WW3 the collapsing economy would make the usa dollars worthless....

[R650R]

and yet somehow it does

nationaldebtclocks.org


"money" (currency) isn't "closed loop" as nothing of actual value or actual scarcity is used to measure. and "they" add more as they feel like. to maintain artificial scarcity and voluntary servitude of the white masses.


i think maybe you were looking for the words "imaginary bullshit" or "fairy banker's asshole"

Must spred rep danit....

[Zedder]

Just getting this back on topic, my brother owes me a fiver and he lives in the UK. Now that's global debt, the bastard.

Have you taken into account inflation etc?

[TheDemonLord]

Net Debt has to exist because so much credit given out to borrowers is spent on depreciating assets. Money comes out of thin air then when the borrower repays interest on the debt. Then the banks lend out that thin air money under fractional reserve system. An asset is only ever worth what the market will pay at the time.
Compopunding things is as more money is lent un fractional banking system it loses its value. This is masked by the charade of inflation...

You loan me $42,000 and i buy a 42,000 Pangiale, I owe you 42,000. Soon as I sign the papers the bike is worth less than 42,000.
Very soon I wreck the bike, get hurt and unable to repay you. The asset is gone, I'm in debt and your not getting anything cause im apoor sneaky bugger etc....

All of the worlds debt can never be repaid, theres not enough money even if people wanted too. China cant even claim its debt USA owes it as if it sent in the bailiff without managing to start WW3 the collapsing economy would make the usa dollars worthless....

You are confusing security over an asset with accounting.

2/10 - try again.

[Rcktfsh]

Roger explains it all very simply in this video.....

[mashman]

Leave inflatables along , they do God's work


sent for a divine source

but but but, they hide my hand.

[Brian d marge]

but but but, they hide my hand.

Ahhh Adam Smiths the hidden hand .......

[R650R]

You are confusing security over an asset with accounting.

2/10 - try again.

No its not confused at all.... its my debt to him still existing but any chance of hime getting his money back has vapoorised..... there fore debt doesn't disappear.....

There is more debt created in this world than can ever be repaid as more fake money is created out of thin air in interest charges on money leant that never existed in first place.
The value of our money, our whole system is based on trust that that electronic number is worth something similar tomorrow.....
ANYWAY its a great time to be in debt, actually cheaper to have debt than cash invested in anything....

[TheDemonLord]

No its not confused at all.... its my debt to him still existing but any chance of hime getting his money back has vapoorised..... there fore debt doesn't disappear.....

But the Net Debt is still 0:

The Bank has $42,000 credit and you have a $42,000 debt.

42,000 - 42,000 = 0

If the debt is written off (because you are bankrupt and can't pay and the bike is totalled)

then it's

0 - 0 = 0

Net Debt is still 0.

There is more debt created in this world than can ever be repaid as more fake money is created out of thin air in interest charges on money leant that never existed in first place.
The value of our money, our whole system is based on trust that that electronic number is worth something similar tomorrow.....
ANYWAY its a great time to be in debt, actually cheaper to have debt than cash invested in anything....

But as we all know - Money is a place holder for something of Value and consider this:

There are more people being created out of thin air all the time. People with Time.

People's Time is a valuable resource.

Thus Money is being created to reflect the increase in this resource.

[Brian d marge]

But the Net Debt is still 0:

The Bank has $42,000 credit and you have a $42,000 debt.

42,000 - 42,000 = 0

If the debt is written off (because you are bankrupt and can't pay and the bike is totalled)

then it's

0 - 0 = 0

Net Debt is still 0.



But as we all know - Money is a place holder for something of Value and consider this:

There are more people being created out of thin air all the time. People with Time.

People's Time is a valuable resource.

Thus Money is being created to reflect the increase in this resource.

nice transfer of liability , trouble is we aint using money.

[oldrider]

But the Net Debt is still 0:

The Bank has $42,000 credit and you have a $42,000 debt.

42,000 - 42,000 = 0

If the debt is written off (because you are bankrupt and can't pay and the bike is totalled)

then it's

0 - 0 = 0

Net Debt is still 0.



But as we all know - Money is a place holder for something of Value and consider this:

There are more people being created out of thin air all the time. People with Time.

People's Time is a valuable resource.

Thus Money is being created to reflect the increase in this resource.

Hmmm good point there!

Unfortunately not as many people are being cancelled back into thin air as are being created so there is a lot of debt created to help with population control = war!

Translate "war industry" to mean endless guaranteed easy money and power for the international banking fraternity!

[TheDemonLord]

nice transfer of liability , trouble is we aint using money.

Money is, and always will be a placeholder

Until something better comes along - then we will use that.