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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (106136)	1/6/2010 2:42:55 PM
From: Skeeter Bug	Respond to of 116555

Hawk, the $1 million deposited exists b/c it is debt, regardless of the transaction that takes place at the bank. if someone hadn't borrowed it previously, IT WOULDN'T EXIST. this means... 1. there is never enough money in the system to pay back debts + interest (unless the bankers make all interest payments available to society - and they do not). 2. more debt must be taken on in order to make it possible to pay back previous debts. 3. it is impossible to pay off all debts - there isn't enough money in the system. 4. the bankster set up a system whereby they get an interest tax on the money supply in perpetuity. 5. the monetary system is ultimately Ponzi in nature - society can't continually increase its debt levels forever. in fact, it has already hit the wall... market-ticker.denninger.net market-ticker.denninger.net