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Wednesday, February 22, 2012

Renaissance 2.0

Posted by The Interest on November 10, 2010

The video below is another good analysis of our debt based money system. Be sure to watch the entire presentation. Mixed into this are some theories as to who or why we have our debt based monetary system. Regardless of whether you believe someone or some group is behind the architecture of such as system, this presentation still offers some good information into what is going on with our money.

Will we go toward a Renaissance 2.0 or will be pushed into the Dark Ages 2.0?

A point that comes up in Lesson 6 is that people borrow tomorrow’s dollar for consumption today. So, when you hear the average person has 9 credit cards with $12,000 in credit card debt, or that countries have 10, 20, or 90% debt to GDP ratios, you can surmise that they have pulled LOTS of future demand forward to current times. Thus, what do you think happens to future demand? There is none. And what happens to an economy with debt based money? It will contract.

The answer is not with $600 billion in QE from the Fed. The answer is a replacement of debt based money.

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