Money as Debt

 

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“Twice-Lent Money”
An Analysis of the Root Instability of
 Our Money System
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Summary

Today, most money is created as debt on a schedule by a borrower borrowing it into existence from a bank or other depository institution. This money is spent and circulated until someone puts it aside as savings or lends it a second time as existing money. Either way, as long as the money remains saved or lent, the money originally created as a loan from the bank is not available to the borrower that created it, except as another loan. The original money creation loan will be have to be paid off with the Principal of some other loan, making repayment of that loan dependent on another loan’s Principal and so on, ad infinitum. Savings create an ongoing volume ofPerpetual Debt for as long as the volume of savings remains unavailable to be earned on time by the borrowers that created it.

Animated Video:
How to Create the Impossible Debt that is Swallowing the World
 ( 4 min.)

The amount of the Perpetual Debt can neither shrink nor slow down in its delivery without causing mathematically inevitable defaults. Therefore new borrowing from banks must never decrease or slow down. Otherwise people will lose their homes because of a mathematical shortage of Principal.

Our money system is only functional when it is growing. It cannot handle shrinkage, or “de-growth” as some call it, without defaults. That makes it ill-suited even for normal economic mood swings which should be expected to be cyclical simply because everything in the Universe is cyclical.

The question always asked by politicians and economists is “What causes the business cycle?” as if it should be prevented. I say it’s the wrong question. Accept the Business Cycle as natural and adapt to it. 

The question to ask is:
Why does inevitable cyclical economic shrinkage wreak so much harm?
Is it because we have a money system that defies the Universal Laws of Nature?

A money system dependent on never ending growth is absolutely suicidal in a world already in 
ecological overshoot.

next ~ Money is created as a promise to pay it back

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“Our”[sic] Ukraine Insider: The New President “Once” Agent for the U.S. State Department

Our Ukraine Insider: The New President Once Agent for the US State Department

Post Categories: Canada
Michael Collins / The 4th Media News | Wednesday, June 11, 2014, 17:43 Beijing

Is he still working for his former masters in Washington, DC?

Two diplomatic messages from the WikiLeaks Public Library on U.S. Diplomacy indicate that newly elected President of Ukraine, Petro Poroshenko was an agent for United States State Department. A confidential message from the U.S. Embassy in Kiev on April 29, 2006 mentions the newly elected Ukraine president twice.

Ukraine’s President Petro Poroshenko (L) shakes hands with U.S. Vice President Joe Biden during their meeting in Kiev June 7.

“During an April 28 meeting with Ambassador, Our Ukraine (OU) insider Petro Poroshenko emphatically denied he was using his influence with the Prosecutor General to put pressure on Tymoshenko lieutenant Oleksandr.”

“During an April 28 meeting with Ambassador, Our Ukraine (OU) insider Petro Poroshenko denied that he was behind Prosecutor General Oleksandr Medvedko’s recent decision to issue an arrest warrant for Tymoshenko lieutenant Oleksandr Turchynov. … [to] question him about the alleged destruction of SBU [Ukraine intel] files on organized crime figure Seymon Mogilievich.” [Russian Mafia Boss of Bosses] WikiLeaks Public Library of U.S. Diplomacy

The motivation for alleged destruction of files appeared in an embassy message from April 14, 2006.

“– The files contained information about Tymoshenko’s cooperation with Mogilievich when she ran United Energy Systems in the mid-late 1990s.” WikiLeaks
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