I understand it perfectly. But thats not the situation we are in.
We do not have a giant vault full of gold
We do not have a giant vault full of paper money (even if we did it would be fake and worthless).
Our debt to GDP ratio is now over 96%.
We are broke.
All we have is debt, and tons of it. The reason we are allowed to borrow and borrow is because the entire world economy is based on the US and the US dollar. If they dont SELL us the money the world economy will collapse and fall into total chaos. The collapse of the US dollar is imminent, its been designed to collapse, but they aren't going to let that happen untill they are ready, untill they have somehting to replace it other than something of physical bullion.
Untill then we will buy printed money off the cartels. They dont care, they will print and print and print its just more power for them in the future and it costs them nothing.
How else can I explain this? If I have 0 dollars I am broke. If I have -$12,000,000,000,000 I am not rich. I may have a nice margarita machine, and a social safety net and a bad ass millitary, but I am not rich. The people that I owe that money to are rich.
Usury is somehting we have been led to beleive is required. it is not. Historically it has not. Im not religious, but Usury is a sin for a reason.
Oh and I added a snipit in my last post after you read it, should help a little.
We do not have a giant vault full of gold
We do not have a giant vault full of paper money (even if we did it would be fake and worthless).
Our debt to GDP ratio is now over 96%.
We are broke.
All we have is debt, and tons of it. The reason we are allowed to borrow and borrow is because the entire world economy is based on the US and the US dollar. If they dont SELL us the money the world economy will collapse and fall into total chaos. The collapse of the US dollar is imminent, its been designed to collapse, but they aren't going to let that happen untill they are ready, untill they have somehting to replace it other than something of physical bullion.
Untill then we will buy printed money off the cartels. They dont care, they will print and print and print its just more power for them in the future and it costs them nothing.
How else can I explain this? If I have 0 dollars I am broke. If I have -$12,000,000,000,000 I am not rich. I may have a nice margarita machine, and a social safety net and a bad ass millitary, but I am not rich. The people that I owe that money to are rich.
Usury is somehting we have been led to beleive is required. it is not. Historically it has not. Im not religious, but Usury is a sin for a reason.
Oh and I added a snipit in my last post after you read it, should help a little.