The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RetiredNow who wrote (260982)	7/15/2010 11:05:46 AM
From: Skeeter Bug	Read Replies (1) of 306849

>>Well, if that money was borrowed and invested in revenue streams that earn more than the interest, then it would be ok.<< we wouldn't be here if it was. >>The only problem with a monetary system like ours is that our government has used it irresponsibly. It's not the system itself that is unworkable, rather, it's the way the system was and continues to be abused.<< 100% wrong. you can't see why a system that REQUIRES more debt obligations than money to pay that debt is a problem? think about it - it is that obvious. there should be more money in the system than debt. also, why do you think a country should pay annual interest fees in order to simply have a medium of exchange? >>I would argue that the fiat monetary system is the most powerful tool for wealth ever created....if used properly.<< i'm not against fiat money, i'm against debt based money where all money save coins is debt with associated annual interest payments. >>Unfortunately, we've seen the sad truth of human nature. Give anyone that much power and they will abuse it as surely as the sun rises each day.<< which is why Freedom's Vision's plan is so important. youtube.com youtube.com

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