Comments by "antonyjh1234" (@antonyjh1234) on "The Debt Can’t be Repaid - So What will Happen Instead?" video.

  1. creature from Jekyll island, audiobook on youtube....what's wild is you went through all your schooling and it never got raised. This is not just the US financial system but the monetary system we were all born into while people still believed money is gold.
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  2. Yes and once money could be based on how much debt you could pay off in your lifetime in 71 things changed and backyard gardens disappeared, maybe the plan is to go back to that but we are never going back to the gold standard, indian housewives own 11% of the stuff, the world's leaders are never going to make them the richest group and if we do all gold will be "recovered" by the state.
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  3. With around a cost of six cents for every hundred dollar bill produced by central banks, we pay back that debt with our lives. We pay back with real money earned, with real time spent, our time debt.
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  4. Wait till people realise the debt on money created out of thin air by a private organisation at a cost of three-six cents per hundred dollars, costs them a third of their income taxes, a third of their working lives and that interest rates and inflation are choices made by people who control govts.
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  5. No, because the debt still has value, the currency might be worth less, so you have to work longer for central banks/governments to repay it but it won't be worthless.
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  6. If all money is based on debt, in fact if all debt was paid off there would be no money, could you explain what you mean by currency, do you mean physical money of ones and zeroes and why would studying the great depression or gold standard prove prove this? @Bigdaddyschnooks 
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  7. Inflationary against who/what? Being a reserve currency all others would drop too or at the least a flight to safety, maybe the Au dollar but wouldn't it be deflationary as that change happens?
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  8. I'd have to disagree with ya there pal, 1st about the ridiculous part. The two world wars were paid with a different sort of money, post going off the gold standard and into a debt based society as we are in 71 then everything exploded, to blame it on one part of the system is incredibly limiting. @DavidJones-hr9bn 
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