Absorbing Caricom’s pain by Michael Harris

Chin · 12-23-2013, 12:45 AM · 1 person reading this discussion

#11
what you propose cant work chin.  cant work...the debt is still there..governments still spend by debt and the interest will compound.

the financiers will still gamble with our economies as long as they have control insatiable for profits.  and the system must grow so they gamble to make it grow,even when their limits have been reached.  which is why we have 2 economies fatally attached to each other...the real economy and endless speculative markets based on main street.  at least that a starting point.

forget about all that.

END DEBT BASED ECONOMY, RETURN TO AN ECONOMY THAT SPENDS ITS CURRENCY DEBT FREE.  PUT SEVERE CURBS ON LENDING. 

AND WHEN A RETURN TO DEBT FREE ECONOMY IS EFFECTED WHAT HAPPENS:  STABLE PRICES AND COSTS NO INFLATION.  THEREFORE MONEY HAS VALUE AND IT CAN GO LONG WAYS.  PEOPLE CAN PLAN AND LIVE WITH THAT..PEOPLE CAN AFFORD ALL THEY WANT IN TIME..HOMES, CARS WHATEVER..WITH PLANNING, SAVING ETC.

THAT IS NOT POSSIBLE WITH DEBT BASED ECONOMIES


you keep going on and on with all those grand graphs and figures, and all the buzz talk of economics and so on.  they mean nothing you know..very little when the truth is known.  there is a base to everything that makes it what it is.  debt is the base of western economies and at that there is a gigantic fraud and swindle at the heart of it that makes it into a rip off system that strip mines society. concentrates all the money in few hands, creating at this point at which it fully ripened, a huge social crisis that threatens the existence of our species.

the answer is clear.  if you wish to waste your time go ahead.  but you should look into my argument and see what is there of worth

#12
Quote:Greece has defaulted 5 times since gaining independence in 1829
Spain has defaulted 13 times since 1476
France has defaulted 8 times
Germany had defaulted 8 times
England has not defaulted since the time of William the Conquer in 1066.
Jamaica has had one negotiated default …the JDX.

and every time it was the same cause..debt at the centre of economies..the bankers run amok!

but its different today.  today with technological advance there is no more room for humanity to play.  the whole planet is caught up in the ravages of debt based economy.  the oligarchy cannot deploy the stage and humanity of falling back, going backwards.  people are hungry in the middle of the means to feed twice times the current global population and more

the debt based system is inefficient and suicidal, wasteful and useless. 

IT CANNOT BE FIXED...IT MUST END UP WHERE IT BELONGS..ON AN HISTORICAL GARBAGE HEAP SOMEWHERE

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