Comments by "antonyjh1234" (@antonyjh1234) on "The global debt crisis - Is the world on the brink of collapse? | DW Documentary" video.

  1. You are mistaking company debt for public debt, an increase in money, which is debt because that's how it is created, is always going to mean that money has to go somewhere so the statement remains true overall.
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  2. Money only exists because of debt, all debt paid back and there would be no money. Central banks who have a cost of 3-6 cents per 100$ created, there is no resources except the click of a button. Money is created out of thin air, based on debt that might be devalued. Govts get into debt and promise to pay it back through taxes, your life's efforts, and we don't get to choose what that debt goes into, just who spends it every four years..
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  3. And replace it with what? All debt is money, that's how it exists, you are saying get rid of money...?
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  4. Money is debt, you hold other people's debt if you have money, the very reason other people are in this situation is because they don't hold any.
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  5. Banks lend out our money deposited and you want to limit them to making 100% of the value back? I think on a 500,000 loan from a commercial bank it's around 380k they make now on money they didn't produce, you would make this law in their favour for sure. Central banks have a cost of around 3-6 cents per $100 they create, they might want to have a word about reducing so much..
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  6. Personal debt and country debt are two different things but I use my credit card for all spending because of the points but I pay it off every month so it works as I'm buying that stuff. All debt created is money, if you had no debt in the world there would be no money in existence.
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