iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Spending Will Never End

An interesting excerpt from an article that is useless other than this paragraph: Source

It is no secret that the dollar is going to die, it is a mathematical inevitability. Nothing can stop the ultimate collapse of the dollar. Our monetary system is based on debt and in order for it to work, more debt needs to be created every year in excess of the debt AND interest accrued the year before. If it does not happen, there would be a massive wave of defaults that would suck the system dry in a few weeks. When you truly understand this debt based money, you realize that debt cannot ever be repaid because there would not be 1 dollar in existence. In our sick system, money is created when debt is created. When debt is paid off money is destroyed.”

 

A history of spending

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One comment

  1. Colonel von Ryan
    Colonel von Ryan

    I’m ready, are you?

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