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Thread: Global Debt

  1. #16
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    Quote Originally Posted by Mike.Gayner View Post
    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.
    This is how the scam works
    Now do excuse me im doing this from memory so some of the spelling may be incorrect etc but basically this is how it goes;
    Most western countries i think are broke and trading something along the lines of chapter 11,
    Using assets to raise capital.
    What are those assets. YOU are.

    In 1666, in London, during the black plague, and great fires of london Parliament enacted an act, behind closed doors, called Cestui Que Vie Act 1666.

    www.opsi.gov.uk/RevisedStatute...

    The act being debated the Cestui Qui act was to subrogate the rights of men and women, meaning all men and women were declared dead, lost at sea/beyond the sea. (back then operating in admiralty law, the law of the sea, so lost at sea).

    The state (of London) took custody of everybody and their property into a trust, the state became the trustee/husband holding all titles to the people and property, until a living man comes back to reclaim those titles and can also claim damages a lein was put on the trust . See blacks law dictionary 8th edition
    Now if you look at any corporate document , you will see its written in capital letters
    Capitis dominitus Maxima, u is dead , NO rights , the others are Dominitus media and minor where you have full rights as a human being.
    When you were born the hospital asked your father usually to inform the hospital that you were birthed , the issued a birth certificate, against the UNCLAIMED remains . This is the cestui qui trust that they sell or use as an asset.
    That trust is an asset and a bond is issued on that asset, then under a fiat system currency is lent into existance. .
    not sure about NZ off top of head but its around 9 x ( u need to keep 1 dollar under the bed for every 9 u lend out , see basel banking act 1, or 2 which NZ signs up to )
    Now there is 2 types of Money malelevent and benelevent , debt based and surplus based. ALL currencies used today are debt based , ie the total amount of money in the system will never be enough to pay off the debt.
    I use an analogy of a marble in a can . If u use a surplus system ( whch was used i think around the middle egyptian period sometime around there) the marble just goes back and forth, as you say closed system.
    But as soon as u charged interest then its a debt based system which is fictional , The debt isnt fictional that is a contract between two people. But any currencies ( marbles) created after that are a representation of that contract/ debt .

    So to answer ur question ALL currencies used today represent debt.. somebody somewhere has to perform a task. To pay return that debt.

    So lets take a debt for example ur student loan. Your trust has the money to pay for your loan. All you have to do is claim ur trust back (good luck in finding the exact law, its well hidden. Im trying,atm.) Then from then from the assets of ur trust u can pay back ur student loan
    What , you worked hard and paid it back already. Oh dear you have some currency owed to you then.

    Once again excuse the spelling and typo its a pain in the arse to use this phone.



    sent for a divine source
    "Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."

  2. #17
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    Quote Originally Posted by Brian d marge View Post
    www.opsi.gov.uk/RevisedStatute...

    sent for a divine source
    ?????
    The page cannot be found
    The page you are looking for might have been removed, had its name changed, or is temporarily unavailable.

    Please try the following:

    If you typed the page address in the Address bar, make sure that it is spelled correctly.
    Open the www.opsi.gov.uk home page, and then look for links to the information you want.
    Click the Back button to try another link.

    HTTP 404 - File not found
    Internet Information Services

    Technical Information (for support personnel)

    More information:
    Microsoft Support

  3. #18
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    Quote Originally Posted by oldrider View Post
    ?????
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    Please try the following:

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    HTTP 404 - File not found
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    try http://www.legislation.gov.uk/aep/Cha2/18-19/11/contents

  4. #19
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    Quote Originally Posted by oldrider View Post
    ?????
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    Sorry it was from memory
    I'll try and find the correct one later

    sent for a divine source
    "Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."

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    Thanks

    sent for a divine source
    "Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."

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    Must be time to reset it.


    Fight Club it I say.

  7. #22
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    It's all an illusion, but not if u believe in it

    Yes Santa is real ...Don't go there

    sent for a divine source
    "Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."

  8. #23
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    There is even a song about it

    I can't seem to face up to the facts
    I'm tense and nervous and I can't relax
    I can't sleep 'cause my bed's on fire
    Don't touch me I'm a real live wire
    Psycho Killer
    Qu'est-ce que c'est
    Fa-fa-fa-fa-fa-fa-fa-fa-fa-far better
    Run run run run run run run away oh oh
    Psycho Killer
    Qu'est-ce que c'est
    Fa-fa-fa-fa-fa-fa-fa-fa-fa-far better
    Run, run, run, run, run, run, run, away oh oh oh
    Yeah yeah yeah yeah!
    DeMyer's Laws - an argument that consists primarily of rambling quotes isn't worth bothering with.

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    Quote Originally Posted by Mike.Gayner View Post
    Here's why this is misleading: that's a gross debt calculator. Let's say we live in a world with 3 countries: USA, China and Russia. In this simple world, USA borrows $10b from China. China has lent USA $10b, of which $5b was internally generated and $5b was borrowed from Russia at a cheap rate. Russia lent that $5b to China, which it borrowed from the people of the USA.

    As per that debt clock website, gross debt is:
    USA $10b (owed to China)
    China $5b (owed to Russia)
    Russia $5b (owed to USA)
    Total $20b debt

    But the NET DEBT is:
    USA $5b
    China -$5b
    Russia $0
    Net Debt $0

    Is it fair to say every person in earth owes $21k (on average) if every person on earth is also OWED $21k (on average)?

    I'm not making any judgement on the even/uneven distribution of wealth/debt, but the idea of GLOBAL DEBT is a fallacy.
    Yeah, that's how it works. Forget that interest and inflation stuff and its effect on the value of the very same $ that was once worth 90c (I'm feeling generous) of what the $ was worth back in the day. Yeah, 21k = 21k. It's just someone else having money that someone else once had. Ooooo, rainbow pony.
    I didn't think!!! I experimented!!!

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    Quote Originally Posted by mashman View Post
    Yeah, that's how it works. Forget that interest and inflation stuff and its effect on the value of the very same $ that was once worth 90c (I'm feeling generous) of what the $ was worth back in the day. Yeah, 21k = 21k. It's just someone else having money that someone else once had. Ooooo, rainbow pony.
    Leave inflatables along , they do God's work


    sent for a divine source
    "Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."

  11. #26
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    So, ahh, how many of you guys ever talk about those motorbike thingies here? Who's ridden one in the last year?
    Don't you look at my accountant.
    He's the only one I've got.

  12. #27
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    Quote Originally Posted by F5 Dave View Post
    So, ahh, how many of you guys ever talk about those motorbike thingies here? Who's ridden one in the last year?
    Forum • Off topic • Rant or Rave • Global Debt

    stop trying to derail the thread cunt.


  13. #28
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    Quote Originally Posted by F5 Dave View Post
    So, ahh, how many of you guys ever talk about those motorbike thingies here? Who's ridden one in the last year?
    Please it's my free time....Do we have to

    sent for a divine source
    "Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."

  14. #29
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    Quote Originally Posted by F5 Dave View Post
    So, ahh, how many of you guys ever talk about those motorbike thingies here? Who's ridden one in the last year?
    This forum is for anything off topic other than motorcycles - it's open slather it's rant and rave - even motorcyclists think about other things sometimes!

    Your welcome!

  15. #30
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    Quote Originally Posted by F5 Dave View Post
    Who's ridden one in the last year?
    Probably a great many more times than you.

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