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money is not debt
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[quote:Anonymous Coward 27932416:MV8yMDU0NTk4XzM0NTM5MTc0X0QwOTBBQjk1] there is a pyramid on the back of the dollar for a reason the whole system is a pyramid scheme, the reason the top is off is because once the wealth reached the top, they ran with it. [/quote]
Original Message
When you watch these "money is debt" documentaries, they start by giving you the terrible news that-
Money is debt! Dun dun dunnnnn!
Then... like ten minutes later they tell you.
"And the banks always loan out money at interest. So there will always be more debt then there is money."
Hmmm....
So... if money is debt. How can there be more debt than money? That is like saying there is more debt than debt. Or more money than money.
No. Money is an imaginary commodity. An account of which is maintained by official organizations.
Our banking system TIES the creation and destruction of this money to loans. Why? So the money will circulate.
And then they charge interest because they are evil and insane.
But telling people that money is debt is evil. If I owe you a turnip, you don't have money and I don't have money. If a bank ledger somewhere says I own ten dollars of money, THEN I own money.
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