The Inside Assyria Discussion Forum #5

=> bartering vs paper

bartering vs paper
Posted by atheist (Guest) - Monday, August 16 2010, 11:18:48 (UTC)
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...aside from convenience paper money has many disadvantages, in the modern era I mean. For one, you have to pay interest because all money (except metal coin) comes from private banks. That alone would but not be so bad if not for the fact that the peiople who begin to realize great gobs of money simply from interest get hooked on the idea of making gobs more by not working but by putting their money to work....this forces them to raise and raise interest rates...which to them is like working "harder"...which they convince themselves (and wail to each other) is what they do, hence they deserve more and more and higher "wages" for their work...which means more interest payments until the ONLY way they can earn more is by getting you or someone to borrow more and more money...that plus making a casino-style economy into one of "growth"...by which they mean the growth of THEIR profits.

Eventually a community will wind up where we are now...where others cam before us, and where weīll stay. It was a great run while it lasted...and it can last a bit longer so long as there people with enough left to make it worthwhile squeezing it out of....but sooner than later the mass of the people simply wonīt be worth the bother of fleecing for theyīll have nothing kleft worth the taking...as happened many times before...in the meantime the misery index will grow to such proportions that all efforts to check it will be self-defeating because even more moiney has to be borrowed by governments from the same private bankers to pay for unemployment insurance, food stamps, emergency health care, Medicaid, Social Security etc....more and more loans requiring more and more interest payments until there IS no more money for interest payments and hence no more loans...at which time the misery level rises to insupportable heights and the entire system crashes..only this time Roosevelt-stylepublic spending wonīt be an option because that too has to be borrowed from the same private bankers...and they may not eant to lend if there isnīt enough tax-money to pay them back,plus interest and yet more interest.

This system already IS impossible....it just runs in cyccles that allow people to forget, to believe things are "turning around"...and they do and will but only by sinking deeper and deeper into the kinds of behaviors which will increasde the misery of the next cycle. This is, in total, a downward spiral...itīs just that most people donīt and canīt afford to step back and take the "long view"...their noises are too closely pressed to their daily existence, their eyes focused on what comes the next day and all too eager to forget what came yesterday.



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