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sdrc92126
Uneducated Economist
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Comments by "sdrc92126" (@sdrc92126) on "If All Debts Were Paid???" video.
Keynes was a huge proponent of eugenics and was even president of the eugenics society.
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Money as debt was a demand of Marx for socialism
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The dollar used to repay the debt must also be borrowed ad infinitum and requires exponential (and infinite growth). No matter how small that growth it. 1.02^t, 2% growth, looks linear and manageable for the 1st 50 years or so. And even though the line starts to go vertical, it's still a small 2% growth. This infinite growth is the foundation of socialism. Most people do not have an intuition for exponentials.
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@A-RonHubbard Fiat money is a requirement of socialism according to Marx.
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@Zorlig Not if your asset is not worth what it claims to be worth
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ebay does not lie
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"Centralization of Credit in the Hands of the State, by Means of a National Bank with State Capital and an Exclusive Monopoly." --Karl Marx, from The Communist Manifesto Also "Confiscation of the Property of All Emigrants and Rebels." 🤣
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@james6401 Increases the money supply. That's why there's always a war when you go to a new system.
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If that were true, then a system of money as debt would mean we're all slaves. Money as debt is literally a demand of socialism
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will it be worth anything?
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We did it in two years in the 1940's
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@Jesus-kt5dc Debt as money is one of the 10 foundations of socialism --Karl Marx
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