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Rep. Ron Paul on Monday introduced legislation that would lower the federal government's debt by canceling the roughly $1.6 trillion in debt held by the Federal Reserve.
If the world is in $40 Trillion dollars worth of debt,.......
Who exactly is it that we owe the money to?
Why Aristotle’s price theory was wrong – Prices and wages in the real world not the Platonic world are determined subjectively, by supply and demand. That is something in the market is worth exactly what someone will pay for it. This is why one year a vacation home in Florida is worth is $200,000 after construction, and a few years later a half a million bucks, then during a crisis less than initial cost or book value. People cry well I can’t sell this bellow cost. I say why not? I have lost money on assets before, supply and demand not cost determined price. I mean would it not be great if prices and wags have some sense of fairness or justice?
They do not. Aristotle’s ideas of just wage, price and profit have little baring to reality. But much of Midieval thinking which was based on Aristotle and then St. Thomas Aquinus and the Catholic church (which is a bluwark of neo-Platonic philosphy even today). Brilliant minds when it came to ethics but with economics a bit idealistic.
One idea I do like in Aristotle’s economica was the idea of the gentlemen farmer, simply as an ideal.
You might want to research the Zeitgeist Movement and a Resource Based Economy
May I ask again?
If the global debt is of such a significant amount then wpuld I be correct in assuming that a large slice of this debt is simply mere figures on a screen and actually doesn't exist?
And if the above is a fact could that be the real reason as to why a fear of a powercut either deliberate or the result of a solar flare knocking out power is feared by those ripping everyone off because it would essentially
CLEAR ALL DEBT?
To who ever it is that this debt is owed, may I ask you a question?
Can you please waiver all global debt in order for us all to move on?
Many thanks Lee.