cnick

Does the party.....person.... who creates thin air credit suffer a loss if they're not paid?........ irrespective of any agreement.

Yes, agreeing to pay a 'debt' ( fail to pay=no injured party).......is not the same as repaying a debt ( fail to pay=injured party).

......being crushed by their own 'debt'.......brilliant....... should be compulsory viewing for would be students of fe.

If they think they're 'borrowing' anything, they shouldn't be allowed further education..... if, however they do fully understand they are in receipt of thin air fraud 'money'........ well..... they're probably bright enough without FE. ?

Because 99% think more housing 'assets' are needed. Only 1% know it's the oversupply of thin air fraud credit 'money' And democratically speaking..... 99% is bigger than 1%. -- Tried to find the carlin video......"nothing will ever, ever change"

Don't forget, as injin rightly pointed out, government does not exist............. taxpayers do though.

That's the thing about government. It/they will create debt on your behalf ...... with or without your agreement...... and you are forced to underwrite it.

So how much of it should be allowed to be created?..... so much of it that interest can be discounted.......?

There's no 'love' there chap. Just seeking an honest system, preferably where tax / debt underwriters aren't threatened to 'repay' something magiced from fvck all. I'd like to call it......well....anything honest really... if that matters.

Absolutely yes. But why can't it just be called 'capitalism'? I wondered, perhaps it should be referred to as Honest Capitalism where creating thin air credit money would be, maybe, outlawed?..or at the very least, very tightly controlled. There's not really any point discussing hpc without first agreeing (?) Who prints the fraud money..... and who get it first......as a fundamental of honest capitalism. ?

........ and nothing whatever to do with a free market.

So shadow banking had no access any thin air fraud 'money' at all?

Heard the BJ say "well paid jobs jobs jobs", the other day. Sigh.

Well, why not. They're the people who can create money from nothing.

Yes, but you'd think some opposition political parties would be shouting this from the roof tops.......but they're not.....Why?