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Hahahaha.... are you kidding me? Interest "free".... so basically I borrow and will NEVER pay it back since its interest free... I just default on the monthly payments without risk... hahahaha... I pay it back whenever I want to...
Yep, in the midst of all the tail chasing that's going on in congress and all the media, without much press there's the one answer towards correcting the problem on a long term basis. What kind of traction does that idea get in the media and government? None. No surprises here. We're truly effed. Everybody associates the idea with the eccentric's reputation of said senator and everybody laughs off the real solution.
It's kinda like Jesus you know, the carpenter in the corner with the tinfoil hat, you know the guy we crucified 3 days ago?...Turns out he was God......
Hahahaha.... are you kidding me? Interest "free".... so basically I borrow and will NEVER pay it back since its interest free... I just default on the monthly payments without risk... hahahaha... I pay it back whenever I want to...
With all do respect evilnewbie,
You do not know what an interest free currency is. I have to eat dinner now so I will explain later.
Hahahaha.... are you kidding me? Interest "free".... so basically I borrow and will NEVER pay it back since its interest free... I just default on the monthly payments without risk... hahahaha... I pay it back whenever I want to...
Hi evilnewbie,
OK what is meant by this is money at the point of creation should not be at a debt. As of now even people with money and no debt are dependent on another's debt since money is currently loaned into existence. Traditional token based currency may still be loaned out but it is not created by loaning it out.
The basic problem is as a society all of our salaries, wages and tips originate from a bank loan which was produced at the interest of the loan. Thus all money in circulation is rented by someone from a bank. This has several problems one of which is only the principle is created but the principle + interest is owed. This means perpetual growing debt or default for a society.
Last edited by gwynedd1; 02-10-2009 at 05:50 PM..
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