Post
Topic
Board Economics
Re: I just created 100 pennies.. and loaned them out, you owe me 101 pennies…..
by
KawalGrover
on 20/02/2015, 13:15:54 UTC
opening a can of worms i see....

I expect by now, 50% of civilized citizen to know how money is just debt....


I don't think that most people understand the implications of that 1 penny scarcity in terms of what it does to people. Debt is that first 100 pennies that needs to be returned but that extra penny is what starts putting injecting fear and desire FOR the money. NOT what that money will get you, but money itself.

If you want to understand why people who are multi-billionaires still want more money, then look at how interest affects desires at a macro level. If you want to understand why 4 million people went homeless when there was enough housing to provide shelter for everyone in the US, then again look at how interest affects our fears.

It's a pretty crazy system and I am so thankful that we have an alternative now. BITCOIN!