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What would happen if the world's debt disappeared?
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https://www.youtube.com/watch?v=HHcmqWvbRMU
I also found this in the comments section. NOTE: I don't agree with his comments about a coming "revolution", but I think he'd very accurate about our debt situation: "The problem with debt, if you understand it fully is that all debt creates interest due, which is in fact debt that was never created. so essentially overtime and compounding interest rates the ammount owed in interest will always be more than the artificially created currency debt. I'll keep them example simple. If upon the creation of the debt, only 1000 dollars was loaned, that would be the only $1,000 in existence. However even given a modest signiture loan at 10% you would owe back $1,100 dollars. So you've used all the loan, got it back and taken it to the Ponzeem scheme known as the Federal Reserve and gave back every dollar created, all $1,000 of them, you would default on $100 all owing them to seize real and tangible property for the fiction that was never created. do that to the trillions, and you'll see why America will never be free so long as we are debt slaves to the central banks. It doesn't take a brain surgeon to understand, you can't owe more back than ever existed and someone not default on the loan. Our loan is going to be called in and our real and tangible property, our nation, will be taken as defaulted loan collateral including all real men with arms and legs, as stated in the security of such collateral the Mafioso style Banksters made the US government sign, in a deal they couldn't turn down! The revolution is coming, the revolution is just around the corner, and this fiat currency system must collapse under the weight of its own interest debt. Get armed, get prepared, and make a good list of those accountable for its collapse and see they meet a befitting fate afterwards." We show less advertisements to registered users. Accounts are free; join today! |
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