Loading ...Debt Explosion ? So What ?
Of Course there is more debt every day!!!
More people = More Debt….so what’s the problem
Humans borrow money from each other to pay for life …and there is more life on the planet every second
I owe you…you owe him…He owes me….round and round it goes.
Everything is expanding…The Universe is expanding…
There has never in history been more debt…of course not !
And there has never in history been more People and Houses and Commercial Buildings and Cars and Phones and TVs and Clothing and Food and all kinds of Stuff….including gold ! never ever been more of it than right now
There is NO end to all this
get over it…
http://www.worldometers.info/world-population/
sheesh
correct fully. it will not end but pain will come to some and not to others. Just depends where you are in life. When I was young and mortgages were 18% and people were walking from their homes, did not matter to me, did not care, did not understand. I was having a ton of fun and broke by sunday. I often think that I lived more and had more fun when I was poor than today worrying about saving my cash and chicken to spend much because I may need it one day. Seems like insanity to me.
Egzacktly
Live your life. Do your Job well. Someone will want what you create and pay you with money they borrowed for a bunch of other people who had extra money left over after they bought the stuff they wanted and needed for their lives, and put it in the bank . Now you will have more money than you can spend so you put it in the bank and therefore you lend it to a bunch of other people. Then one day you want something bigger than the money you have so you borrow from that bank .. other people’s money….Some people actually pay back their loans and others go bk….but somehow it always works out…at any moment somebody owes you and you owe somebody….but
Every day…it works out…BUT goldbugs agonize over a day someday in the future when it somehow wont all work out.
Yes…some days you win and some days you lose the money game. Then one day you are a blip ( a digit) on that People Meter , in the death column …and after the death taxes go to the government to be used to pay for somebodys “entitlement” , your left over money goes to some other people ( better know as heirs)…
and on and on and so forth.
“get over it”
You are missing a key piece of the puzzle here.
Your debt, and my debt, and all the govvie debt (in our names) is simultaneously someone’s PRESUMED asset.
But everyday, folks opine that the public sector debt will never be paid off. Or that China is broke. Japan is broke. Illinois is broke. Europe is broke, etc.
Whether or not they are, at some point, as my friend Rasputin says — “ELAH”
Everyone loses a hand.
Debts that can’t be paid turn into assets that vanish into thin air.
Or, if the central banks Ctrl-P to cover the IOUs, then everyone’s “cash” holdings get chipped away via “official sector” counterfeiting. (eg Venezuela)
Bloggers note that paper claims vastly exceed the real assets to which those claims can be attached.
Like it was in Latin America in the early 80s, when Piggie Banks all lent to the same parties, but who all volunteered the same collateral … multiple times over.
So we’ll see what happens, when these debt instruments get repriced now that their appeal is waning.
As for “There is NO end to all this” … ‘fraid not without boiled rope. Andrew Jackson tried. Lincoln tried. Garfield tried. McKinley tried. JFK tried.
http://worldcyclesinstitute.com/usury-comes-to-america/ .. the whole series over the last month is worth reading.
Howe and Strauss are expecting the millenials among us to do the dirty work, but its up to us to point the fingers and lay out the nature of things for them to see it all clearly, for themselves. They’ve been dealt the s#!T hands.
This is a simple or as complex as you want to make it but money is only one thing….stored energy. The problem arises when you realise that the energy you store as money comes from your labor or expulsion of energy, who are these men/institutions that get to create energy form nothing thus diluting yours. Ask yourself one question, Countries are all corporations, why is every corporation in the world broke?
Increasing debt is pretty much inevitable. You will need more currency units to buy what you need in life unless you devalue your ‘currency unit’. Gold/silver is an insurance against whatever monetary madness we’re faced with. The miners have been decimated over recent years, and even if they fall 50% from here I’d rather invest at the low, rather than the top – and we’re definitely closer to the bottom in miners than the top. I’m preaching to the converted here…