Post
Topic
Board Bitcoin Discussion
Re: Argentina Debt Crisis: U.S. Demands 1.5 billion cash (Bitcoin to Rescue?)
by
Schinder75
on 24/06/2014, 13:51:10 UTC
I think it's not a problem of capitalism. The problem is the money system itself likes it's implented in the world.

Where does money come from? Every $ running around is the debt someone has made at some point. Money and debt is essentially the same. To put new money in the system, it's only possible by credits. But each credit has an interest rate. So the sum of all debts incl. interest is always higher than the amount of existing money.

Money is no longer for payment, it's more like a weapon. Economic hitman it's called. Put countries in the debt trap and get all out of the country that has value. This results in destroyed countries and helpless people.

To keep the system running, more and more debts are needed. The wheel turns faster and faster. And now we are at a point where it's obviuosly that the system will not work any longer. Argentina, Cyprus lots more to come. The only advantage the USA has is that they can print there own money. If they cannot do that, USA would be 3rd world country instant.

And here is the chance of bitcoin to make this f**ing world a more fair.