Just a quick question I would like answered for the benefit of all.

Just a quick question short but sweet.

However, the answer if genuinely investigated could hold the answer to global recovery and benefit all.
So,.......

If the world is in $40 Trillion dollars worth of debt,.......

Who exactly is it that we owe the money to?

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.

reply to post by jazz10


Rothschild
Its whole lots more than $40 trillion

reply to post by jazz10

Whoops double post, wonder why.

Anyway, no the debt cannot be waived, its the main purpose - cannot waived, so you can be slave forever.
In god we trust, in debt till death.

reply to post by jazz10


I don't think it's owed to anybody. Some countries like China do have a positive balance but it doesn't add up to nearly all the world's debt.

The money supply increases on the debit side and the debt increases on the credit side. If I recall my high school accounting class

So whenever money is created to increase the money supply, the "balance" for that is an increase in debt.

If the world "paid off its debt" with money, there would be no money left.
If the debt "vanished" but the money stayed, the money would be worthless because no one would have an idea of how much there is and therefore couldn't price it against demand.

reply to post by jazz10

Its owed to banks, governments, funds and individuals.

A major portion is owed to the central banks, the "Federal Reserve", the Bank of England, the European Central Bank etc.

This debt based central banking scheme (or money as we know it) is the invention of the Rothschilds, which is why they are the wealthiest people on Earth many times over.

This documentary provides an excellent background on the Rothschilds, money and central banking (its older but no less accurate):
[On a side note, Moslem financial laws outlaw interest or usury, which would mean the end to the Rothschild system. Libya/Kadaffi was in the process of implementing a gold based monetary system for the ME and Africa.]

So can we erase the central bankster owed portion of the debt? Yes. Yes, we can. Thats exactly what Iceland did.

After all, its "money" literally created out of nothing.

What The World Can Learn From Iceland's Default Model.

Its also what RON PAUL had suggested:

Rep. Paul introduces bill to cancel $1.6T in debt held by Federal Reserve (its obviously much more now).

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.

But our governments are bought and paid for by these banks.

reply to post by jazz10


Well I suppose we could pull an Alexander Hamilton and make our debt legal tender in itself...basically make a new currency called "IOU" ....until its paid off...not that that will work totally but just an idea.

One could go about getting rid of credit, you either have the money or you don't so start living within your income.

I could not tell you just how much people actually owe vs. what they make in a year although it would seem most owe more then what is expected in that year of working. You see it every winter, roads so bad one should stay at home relaxing. Yet knowing if one misses a day of work it could mean losing a car, house, farm etc... In order not to lose it you end up putting your live at risk and others just to pay the bank intrest on the Credit you could never pay back.

In fact, banks own everything unless it is paid for. Our whole idea of how rich we are is basicly what we spend on X-Mas Season. Yet most is bought using credit so the numbers would never really add up to what is real in todays world.

What we lost is the understanding of what we place our values on. A good live should have never gone having top of the line things holding no value, just for show to others to see. Yet inside you know your at the fine line waiting for the bank to come knocking asking for money and you can not sleep knowing this.

Banks are ready to give money to children finishing school because they do not truely understand how the world works. By the time their 25 yrs old, they own more then what one can work for for 10 yrs! And still do not actually OWN IT! Yet the idea of owning it someday is something to be had, a myth that someday it can be yours.

So the next time you go to a bank asking for money, Know what it will end up costing you in the long run. Is it really worth having to work so hard? Worrying, sleepless nights, yet watching that new 68" widescreen one day might just might give you a stroke due to the stress in paying for it.

Come to learn you really do not Own Anything. Just an idea really. Say you own your land, house, yet somehow they find a way to come take it away, tax you, install a new road, drill and the like. Since there is another person who would love to have it all and the banks know this well!

Credit ended up changing our Values from People to Things.

Peace

reply to post by jazz10




You ask a very profound question.

Say you take out a loan from your bank for $10 @ 20% interest...you owe the bank $12 as long as you pay on time...if you dont, i could buy that debt for say $8 but charge you a collection fee of $12 upping your debt to $24...i'll make $16

So who knows who owes what and to who......people/countries with lots of spare cash buy and sell debts all the time.

I think that's how it works.

You might want to research the Zeitgeist Movement and a Resource Based Economy - as Jacque Fresco pointed out, during the Great Depression the factories and workers were still there, the sun was still shining, the minerals needed to produce steel and so forth was still sitting there; it was only the lack of money in circulation that slowed everything to a halt.

It's not the lack of money that really determines productivity and what humans can accomplish - it's whether or not you have the resources, the raw materials. If you want to build a steel building and there's no steel and no way to produce it, well then you're stuck. Build it out of something else.

But if everyone is given as a bare minimum, from the natural resources readily available, adequate food, air, water, housing, education and medical care, all within our ability globally right now; and then everyone is encouraged to 'work' at what enthuses them, not an 8 hour a day job that's mind and body-numbingly boring (which mostly robots can do now) then, what would we accomplish? Certainly not obscene wealth for a very few and abject poverty for the masses like we have now with the worship of money and the accompanying slave labor that most of us tolerate, only we call it 'debt'.

It's far past time for the people of the world to tell the Rothschilds et al to go to hell, in other words. Bury them in a mountain of their own Monopoly money and be done with them.

reply to post by jazz10

If the world is in $40 Trillion dollars worth of debt,.......

Who exactly is it that we owe the money to?

Aristotle's economic theory

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.

Money; economics will forever be our beast of burden. If we stopped accepting money as a form of compensation, we will make ourselves free to trade whatever we want and with whom we want. And the non-human element that wants compensation can come out of hiding and try to re-implement it after killing those of us who are no longer playing fair...

Only a non-human can have such a void within one's self; causing one to take take take and never give back.

of mice and men

reply to post by signalfire


You provide a profound response. Thank you !

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?

signalfire
You might want to research the Zeitgeist Movement and a Resource Based Economy

This is great post. Unfortunately, for many years to come, it seems that capitalism will be the master of the universe. You can't mention a resource economy without hearing some political argument about communism/socialism. It's ridiculous that ex-middle class Americans still want a "free market" (free corruption).

reply to post by signalfire


Yes.
And Jesus is going to do just that.

The wicked system will be crushed.
Mamy are led to believe that without their system of things we will not be able to carry on.

It's the big lie.

Those pulling the strings, the elite deliberately make it harder for the majority leading peolle into times of hardship, stress and struggle.
However,
It's my belief that the more me clutch and struggle to save this wicked system of things, trying to save 'it' rather than each other then the harder its going to be.

All of this must pass.

jazz10
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?

No, the debt exist in various forms and cannot be eliminated that easily (solar flare do no harm on paper, factories, land, commodities etc). Unless your government totally replaced and dishonor the debt, THEN it can be eliminated, but such activity will have serious consequences.

Have a look at Zimbabwe and how its economy destroyed. Reason is they choose a government that change "something" and other country cooperatively respond to that, the consequence ? A loaf of bread worth few trillions.

A good example of consequences which happen right now is - Ukraine. Currently, the war is actually between bankers and ...nothing, they dont have much choice - fall to bankers/EU or fall to Russia, both same result.

The peoples there choose to side with the bankers, because they did not know the hidden agenda. The method is quite easy, banker lend lots of money to government, later government unable to pay, government raise taxes, takeout from social welfare etc, people get upset and start throwing stones, asking for better life, when its get here, the bankers already winning.

They simply install a politic proxy/lobby politicians to sign the agreement, then cue EU or IMF or WorldBank or simply "good" deal (oil for food) and the country was slaved already. In future, the people have to produce something, pay tax to government, so government can pay debt + interest and make more loan. Mission success, repeat.

Its not new, its been done for nearly 300 years already and its worldwide, but due to people brainwashed and lack of care, they did not see it as a problem, when they do see it, its already a new round of play and they fall into the trap again.

jazz10
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.

The debt is owed to me, and No, I'm not going to waive it. You may be able to move on, but I won't. I, and zillions of others, bought treasury bills from the US government for a relatively small amount of interest. Historically, it's very, very, very low. In return for my money the government promised to pay me this interest and, a very long time from now, the principal, the original amount of money I gave them. They promised, and I expect them to keep their promise.

I worked hard for that money. I worked for something like 45 years for that money. I paid into social security all that time, 15% between my employer and me, and for that they give me a pittance back, a lot less than I would have had had I been allowed to do it on my own. Of course, the government says I'm too stupid to do that, so they forced me to pay into the system.

But those "payments," which are really a return of the money I gave to them in the first place, aren't enough for me to live on in my retirement, so I have to supplement that by various investments. One of them is those T-bills with a AAA rating. I have to pay taxes on the interest they give me, of course. They'll always find a way to take as much of my money back as they can.

Of course I know this isn't working out in my favor anyway. The government keeps giving y'all food stamps, unemployment, grants, pays for wars, and all kinds of stuff they can't afford, and their way out is to print more money, which makes mine worth less, so in real terms that interest they "owe" me is worth a whole lot less than the principal I leant.

I know all that and I know it's more complicated than that and I don't need any lectures from freshmen economics majors about how they think it all works. In fact, I'll pay you to spare me. You can have some of my stars (I'm kinda light on flags, sorry.) But I want to do it the way the government does. So if you want payment to enlighten me I'll take some stars that Springer, Slayer, and Phage have because they all have more stars then I do, therefore these 1%'ers don't deserve them, so you can have them, even though you didn't do a damn thing to earn them.

That seems fair!

Their is more det than money.
the banks just get more bank notes.
that have no value at all.
and lend them out.

so it is impossible to pay the det back!
look on youtube, money.

reply to post by jazz10


If US buys 1 trillion dollars of japans debt and japan buys 1 trillion dollars of US debt each hides the fact that they using printing presses to keep big governments operational. Many thought the printing presses would cause hyperinflation but in the end wealth from the printing presses is just replacing wealth lost by the public in the 2008 crash. Next crash will allow bigger and better round of printing. If you look at it logically all they doing is transferring wealth from middle-class back to banks.

Debt isn't the problem but symptom of the disease. We all unemployable against nations that have $30 a month laborers.

reply to post by glend


Iceland sorted their problem regarding banks.