Originally Posted by
Salty
I know the starts are shocking, I just skipped through them, I mean who wants to watch the 5 minutes of percussion and explosions. If I wanted cheap action i'd watch steven segal movies.
But this is exactly what is wrong with our society, no one is asking questions anymore. In the states there is no actual law saying you have to pay income tax, it was made up by the federal reserve. All the money in circulation is just an exhibition of debt, the fed bank lends money to the government with interest. How are you supposed to pay interest on a limited money supply? You can't, thus everyone has to keep working to pay off there debts, which are never ending.
There will only be no debt if there was no money supply at all. What got me interested was an essay im doing on the causes of the sub-prime crisis in the states. The root of the problem is not that they were lending money to people who couldn't pay the debt, the problem lied in the fact that the interest rates were way too low, narrowing the credit spread. This is combined with the over-the-counter derivative market worth $58 trillion, this market is opaque as black with basically zero regulations. Why did the government let it continue?
Things just fit together way to perfectly without any intervention from the government. See what caused the Great depression and you will see the similarities.
Although this may just interest me, I was always the kid asking why.