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pat.fields.16
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has posted a comment on the article :
The coming new barbarism
- Hugo Salinas Price -
Plata.com
Numbers are deceptive sometimes ... as is so in this case. We speek of trillions in a vacuum and let the sheer quantity daunt us. Trillions of WHAT?
When we realize that banknote currencies have generally depreciated in purchase power by 98% over this past century, ignoring that fact and conceiving debt in terms of a hundred years ago (or even twenty-five) makes the debt seem 'unpayable'. BUT, given the depreciation, in the REAL ... PHYSICAL ... terms that those banknotes USED to be expressed in, the debts are TRULY 2% of the numerical implication.
For example, the American banknote in 1913 was expressed as 100 copper 'cent' pieces, so each unit today is PROPERLY understood as having a REAL ... PHYSICAL counterpart in a copper coin of about 6.6 grams. A little investigation into the present stocks in copper stores will reveal that there is MORE than enough copper to make this conversion (possibly in idle scrap ALONE) and pay off ALL of America's seemingly imponderable debt when viewed through the distorting lense of numbers divorced from reality.
Banknote 'money' is loaned into circulation as principal at interest. The interest does not exist at that moment and ETERNALLY represents a gross amount due for return, in excess of principal. Put plainly, the ONLY source from which debt service funds can POSSIBLY materialize, is further borrowing. Once that arrangement is comprehended it becomes clear that the banknote scheme is a 'perpetual money machine'. Currenct incurrs interest, in turn the interest compels currency inflation. This 'Positive Feedback Loop' means both currency inflation and debt expansion are ... AUTOMATICALLY CO-GENERATIVE.
So, to convert all these banknotes to their residual, depreciated REAL PHYSICAL expression again, not only erases all the damage done since 1913, but STOPS THE COMPLEX COMPOUNDING INTEREST on the currency float, which prevents capital investment directed toward productive effort translated to trade activity.
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When the world’s present troubles surfaced about five years’ ago, I recall reading articles whose central theme was: “there is excessive debt in the world. The amount of debt in the world exceeds the capacity of the world’s economies to service it and pay it down.” To address the excess of debt in the world, four courses for action were mentioned: The debt burden could be reduced by paying it down, via a policy of increased taxation. The debt burden could be reduced by a policy of allowin...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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