Money is a means of accounting, a proxy for value, but money != value/wealth.
Because ALL of our money is by nature exponential-interest-bearing debt money, it is guaranteed that in due time the debt will overwhelm the system. We've been good for 200 years because our interest rates have been sufficiently low, and bankruptcies have been injecting money into the system (at the price of inflation, which is essentially just a hidden tax).
One understands this once s/he understand the nature of the National-Debt and the function of the Federal Reserve. The personal debt per citizen is now over $50K, and the nature of our money is such that this debt CANNOT BE PAID OFF in full. How can we focus on creating real value when we're all chasing the ghost?
Interest may have driven innovation in the past, but it's basically just a slave-driver now. Any doctor can tell you.
BTW, if you get this, and you want to work on a long term solution with me, email jae@glyphtree.com
Money is a means of accounting, a proxy for value, but money != value/wealth.
Because ALL of our money is by nature exponential-interest-bearing debt money, it is guaranteed that in due time the debt will overwhelm the system. We've been good for 200 years because our interest rates have been sufficiently low, and bankruptcies have been injecting money into the system (at the price of inflation, which is essentially just a hidden tax).
One understands this once s/he understand the nature of the National-Debt and the function of the Federal Reserve. The personal debt per citizen is now over $50K, and the nature of our money is such that this debt CANNOT BE PAID OFF in full. How can we focus on creating real value when we're all chasing the ghost?
Interest may have driven innovation in the past, but it's basically just a slave-driver now. Any doctor can tell you.
BTW, if you get this, and you want to work on a long term solution with me, email jae@glyphtree.com