Quote from: myrkul on May 16, 2013, 04:35:43 PM

Quote from: Hawker on May 16, 2013, 03:55:51 PM

Lots of people borrow to their credit limit and rely on the repo man to provide them with motivation.

Think about why they do that. Does the base inflationary system encourage savings, or borrowing? Would a base deflationary system encourage savings, or borrowing?

A so-called base-inflationary publicly owned and operated monetary token system is an absolute and critical necessity to all and any economic growth. It also provides the new excess liquidity (in accompaniment to exportable workforce productivity) necessary to loan it to new enterprises or to finance public projects without taxation. Then private lenders may also participate through their invested savings as well.

A privately owned for private profit inflationary, private monetary token debt-enslavement system requires regressive boardroom-socialist public taxation to pay off the enslaving lenders, and enslaves all new entrepreneurs and the state as well, to the fiat dictates of the secret insider trading monopolist boardroom-socialist (FED) high-preisthood tyrants who own, operate and monopolize all. Other private lenders cannot participate in lending because their costs of lending cannot compete with the monopoly counterfeiters.

A deflationary currency (like limited gold, platinum, palladium or antiques, fine arts or other rarity "Medium of Savings") when stupidly abused as a Medium of work-Resource Exchange "currency" that constantly becomes ever-rarer and ever-more valuable with any and all growth is a totalitarian Austrian fascist recipe for and sentence to eternal abject bonded debt enslavement to elite "winning" monopolist gold-pharaohs, ad infinatum.