Quote:If the world's debt disappeared, you'd have a massive economic contraction and a worldwide depression.   An advanced economy runs on debt.   People buy things, they owe money.   If nobody could owe any money, you'd have no economy.   No trade.  No finance.   No business except cash business.   We'd be back in the stone age. 

 

I'm too lazy to dissect every absurd statement in that paragraph you quoted, but this statement in particular stands out to me:

 

"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! "

 

What is "our loan?"   Federal government debt?   Our loan is going to be called in?   Federal government debt is not callable.   It has a term.   There are no call provisions.  

 

"Collateral?"   Where in any US government debt is a provision for collateral?   There is none.   US government debt is unsecured debt.  No collateral.   Nothing for anyone to "repossess."  

 

And what exactly makes our bankers "Mafioso?"   Without banks, there would be no business.   No economy.  No jobs.  We'd be eating the bark off the trees to stay alive.  Are banks supposed to loan money without charging interest?   How the heck would they stay in business?  

 

Damn.  That whole paragraph is ridiculously ignorant.  That is not how things work. 

 

Was it a joke?   Did I get whooshed again?