- 07 Jun 2022 13:18
#15232190
Global debt must always increase. Only new debt can pay for old debt. Because of the interest there is always a shortage of money.
When debt stops growing markets crash and societies break down fast.
Looks like we are close because of central banks "printing" to keep it going for a little longer.
So how do we solve this?
The people at LaRouche have some interesting ideas. Glass Steagall and cooperation among the largest nations to cancel the financial weapons of mass destruction etc.
"Therefore, we have two questions here: Not only how to deal with the problem of the economy, but, how do we deal with the world economy as well. Because we have to maintain stability among key nations. I have picked out four nations, as absolutely crucial, that they must cooperate, because with their cooperation, and with that of others who join them, it will be possible to take reorganization of the world economy, by eliminating financial derivatives—just cancel them; they're worthless paper, cancel them. Go back to the honest debt of nations, go to a commercial banking standard, and create new credit to replace the worthless old debt. By creating new credit, and launching physical production programs, in infrastructure and other terms, we could, by agreement among nation-states, prevent a general collapse, and actually launch a program of orderly recovery. And these problems that we now face could be solved."
When debt stops growing markets crash and societies break down fast.
Looks like we are close because of central banks "printing" to keep it going for a little longer.
So how do we solve this?
The people at LaRouche have some interesting ideas. Glass Steagall and cooperation among the largest nations to cancel the financial weapons of mass destruction etc.
"Therefore, we have two questions here: Not only how to deal with the problem of the economy, but, how do we deal with the world economy as well. Because we have to maintain stability among key nations. I have picked out four nations, as absolutely crucial, that they must cooperate, because with their cooperation, and with that of others who join them, it will be possible to take reorganization of the world economy, by eliminating financial derivatives—just cancel them; they're worthless paper, cancel them. Go back to the honest debt of nations, go to a commercial banking standard, and create new credit to replace the worthless old debt. By creating new credit, and launching physical production programs, in infrastructure and other terms, we could, by agreement among nation-states, prevent a general collapse, and actually launch a program of orderly recovery. And these problems that we now face could be solved."