Post
Topic
Board Economics
Re: USA Debt Repayable
by
Operatr
on 16/05/2013, 01:07:27 UTC
None of the totalitarian characters trotted out in the "atheists have killed more people" fallacy, whether they were atheist or not, killed in the name of a lack of belief in a god.
None of those characters are atheists, because the belief in government is a theistic belief. Believing in government is believing in a god, so by definition it's not possible to be an atheist who believes in government.
THIS.
Also, the bigger they are the harder they fall. I abandoned ship on federal reserve notes years ago. They seem like slimy little unmoney debtmachines that you can only ever owe somebody in exchange for something you can either get for free or dont really need. Affluence creates a vaccumm around the affluent, preventing tech advances from benefeiting all living people. I would like to indulge my naiivety by imagining that the obsolescence of fiat will result of the obsolescence of its debts too.

As money is quite literally created by generating more debt, the failure of fiat will take the debt with it.

I can see a scenario as the institutions continue to fail and public mistrust continues to increase, and crypto-currencies soak up that damage by overwriting the bad sectors and the fiat debt as the damage occurs while people put what wealth they have left into crypto leaving their old debt behind to rot. We already got a taste of this scenario with the Cyprus bailout (or as I call it, grand theft) as account holders shifted into Bitcoin where their bank couldn't get to their money. Argentinians are not far behind to get out of the Peso before inflation makes them completely worthless. Who knows what happens next really, but it should be quite a spectacle.

Profitism kills innovation. If an innovation is not profitable, no one will advance it further or implement it. We've already solved a lot of our problems with technology, but is stiffed by lack of profit incentive.  Big corporations don't want us to implement technology that they don't profit from in some way. If not for Big Energy lobbying government to squeeze green-energy for example, our houses would not be on any common electrical grid. Our cars would not run on gas. Our power would not come from burning coal and other environmental destructive methods. Permanent geo-thermal solutions could power our whole society 4000x over. But unless someone is making a buck off of you forever, they won't let that happen. The good of humanity hurts their bottom line. Imagine a world where self-sufficiency is the norm, I would like to live in that place.

It is sad our intelligence and engineering prowess has to be back seat to the greedy few.