Quote from: username18333 on July 02, 2015, 08:50:40 PM

Quote from: bigtimespaghetti on July 02, 2015, 08:23:12 PM

So am I misunderstanding this . . .?

Quote from: username18333 on June 12, 2015, 02:28:19 AM

Quote from: TPTB_need_war on June 12, 2015, 01:54:54 AM

So his "solution" is NIRP and a cashless society to prevent anyone from escaping paying negative interest rates on their wealth. And use this resource extraction to continue to backstop the $250 trillion of debt in the world. In order words, Summers thinks we are stupid enough to be a dog chasing our tail wherein the excess "capital" is money we are expropriating from ourselves to prop up "capital" that would otherwise evaporate in a contagion of defaults. And then claim this excess capital that we stole from ourselves (via NIRP) is what is causing the excessive market demand for return of capital (aka safe haven) and thus NIRP.

Quote from: Plato, _Euthyphro_, 380 BCE

Soc. We shall know better, my good friend, in a little while. The point which I should first wish to understand is whether the [capital] or [money] is beloved by the [1‱] because it is [money], or [money] because it is beloved of the [1‱].

(Germaneness mine.)

Yes, you are.

Well if you are demonstrating that the large disparity indicates unsustainable decadence and exploitation in the upper echelons of power then I agree.