Quote from: Bastet on June 26, 2011, 01:45:29 PM

Quote from: relative on June 26, 2011, 01:03:42 PM

Quote

The only way for someone to get out of debt is to put someone else in even more debt.

nonsense.

I don't have anything against bitcoins per se. They can be, and probably will be, a form of money. That doesn't mean that banks won't lend you money or that interest will go away or fractional reserves won't work. These games will be our undoing and are separate problems we'll have to deal with. Personally, I chose to remain debt free at all times, can't stand interest, or bankers for that matter, and I don't want to get caught in that evil downward spiral. I don't owe anyone jack sh*t and love it that way.

Just to be clear, nobody is saying that debt is always good, nobody is defending the present monetary system, comparing the present levels of debt and specially the way it comes about to slavery is quite accurate. Nobody is disagreeing with you there. I personally try to stay away from debt as much as I can as well.

The problem is that some justifications you are giving are objectively wrong, false. That is what the people here is trying to point out.