The reason why what I'm saying makes no sense to you is because you have bought into the lie that debt-based money is backed by nothing.
Debt is not nothing.
Nothing is nothing.
Discussion
Nothing's Matter.
Debt is consumption that has been pulled forward. People are now saddled with repayments and that limits the amount of consumption that they can now pull forward.
They either need to make the debt less relevant, by increasing productivity (allowing them to take on more debt), roll the debt over into cheaper debt (refinancing), or they need to retire the debt or pay it down (destroying the debt).
Until they do that, their consumption is reduced.
Not realistic because "people" is not who decides that debt is created and how much.
It doesn't work at an individual level, because it's a system. We're all paying the debts of people that played the system (especially those who are "the system").
It was always only the other people.
I know.
You said it 🙂
Debt based means backed by debt 😮
Its a promise, backed by nothing.
A promise of future proof-of-violence extracting value from taxpayers like yourself.
But also dependent on a promise to not promise more promises.
If it were backed by nothing, we could all just stop paying our debts and nothing would happen.
If we all stopped paying our debts, nothing would happen to us.
Its when some of us stop paying and others don't that we get into trouble... :p
If we all stopped paying our debts, everything would grind to a halt and people would start dying off en mass.
Electricity would be the first to go. Then trash collection and food delivery. Then schools and hospitals would close and plumbing would cease to work...
Not all people have debts. I don't have for example. That means debt is not necessary. So... Maybe people should avoid having debts. Btw i suspect you agree with that. So what will happen in this case? I mean when a significant amount of people avoid having debt.
This is not a thing because the government has debts in our name. Everyone is in debt, even people who just arrived here or were born.
Ok. Then what if a significant portion of individuals don't have loans?
And by the way government debt is a different matter.
I haven't had so much as a credit card in fifteen years. Not that I ever had a problem with the card, i just don't like the possibility.
No debts that others can call in means we have more resilience than the average citizen in a Stage One or Stage Two collapse.
He also daid proo-of-violence. That's important also.