neolib, if you want to consider anything of value as "money" then please say so up front. that is not the typical use of the word.
when someone asks you how much money you have, do you start listing your shirt, pants, socks, etc or do you count the cash and coins in your pocket?
in your original example, no money (cash or coins) was created unless a private bank was directly involved and a lone made.
like i thought up front, you've confused wealth with money.
you need to get that distinction correct as it is an important distinction, which is why i made it early on.
in our society, you can't pay back debt to the bank with bananas you've grown and you will lose whatever is mortgaged unless you have money (cash, coin or bank credit as that can be used to turn into cash and coin).
re: fiscal discipline - there is none now!
the whole world is on the verge of collapse due to no fiscal discipline!
you do understand that debt backed money requires society to pay X% a year in annual interest costs right?
you do understand that sovereign, debt free money has no such requirement, right?
so your vote is to increase taxes upon yourself so that they can be paid to private bankers?
i hope they thank you for supporting their societal asset stripping policies.
again, they pull a trillion bucks out of society every 3 years or so - and that could change to every year quite easily.
if you like the system now, you'll love it when over half your taxes paid go to interest to private bankers - that day is coming. |
