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money is not debt
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[quote:Real list:MV8yMDU0NTk4XzM0NTc5OTQ3Xzk5Mjc1RTk0] [quote:Anonymous Coward 25953791:MV8yMDU0NTk4XzM0NTc5ODc0XzJBQzEzNkRB] Money is suppose to represent the value of produce be it goods or services. However, the value of 'future' produce is built into our money system.... debt. When the value of 'future' produce becomes so astronomical it can't be reasonably matched through labor, shit hits the fan. [/quote] I agree. The inverse is also true, when the money supply is much greater than the amount of goods/services available we see inflations, devaluation of the money. [/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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