Clever Bankster Trick - Need to Re-Pay $ denominated debt increases demand for $$

[gunDriller]

Clever Jooo Bankster Trick - Need to Re-Pay $ denominated debt increases demand for $$


OK, that's about all I know.

I still don't understand the entire monetary system, in the sense of being able to model it like you can most 3 dimensional systems.

Anyway, I was reading an article on Zero Hedge or somewhere, and thinking ... now that is a clever bankster trick.


When you borrow money in US $, you have to re-pay it.

For example paying my mortgage today, I am taking $700 cash to the bank. My monthly installment to Uncle Shylock. I needed $$ to make that payment. Even though they're intrinsically worthless.


Amazing how debt is traded for real things like Gold.

[Hitch]

Not sure I follow you, GunDriller, since dollars are debt to begin with. They were borrowed into existence from future productivity.

[Carl]

It's even more clever than you think. The vast majority of transactions that occur, don't even involve legal tender fiat at all.

[Serpo]

Its got so clever its gone full circle back to stupid//////////////////////

[Hatha Sunahara]

Whatever happened to the idea of bankruptcy? If you can't repay a debt, you're bankrupt, and there used to be laws that protected you to some extent from the excesses of your creditors. I suppose if bankruptcy is not an option for the big banks who are the creditors, it couldn't possibly be an option for the not too big to fail debtors. The reason for bankruptcy is to put closure on unpayable debts. The TBTF banks want no closure. If you default on a loan to them, they own all you assets, even your soul.


Hatha