Debt not real

[Republikcoin.com]

Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created.
For every 1$ banks can lend out 9$.
So if usa debt are now 38tril.... then only 10%-15% are real money.

The banking system is like that, because banks predominantly survive by lending to individuals, so the interest they generate is truly extraordinary, and the credit system they create can also generate profits for themselves. In reality, the difference between money typed on a screen and physical money given in person is only in appearance. Otherwise, they look the same, and there's no significant difference because ultimately, it must be repaid according to the rules they themselves have established. So, real, printed money and digitally typed money are actually only physically different.

[YOSHIE]

For every 1$ banks can lend out 9$.
So if usa debt are now 38tril.... then only 10%-15% are real money.

If you say "Debt is not real" that concept does not apply to personal/household debt, perhaps you could say that the concept applies to government debt, where in accumulated accounting it can be said that the government owes money not in physical form/paper records, the government and the government can make an agreement to write off all debts on the basis of an agreement and the debt disappears.

From one side, the government can view debt as managing the economy as long as the government is profitable, in contrast to personal debt, you have to provide collateral such as land property, houses, cars and so on, meaning that the concept of debt is not real only applies to the government system, not personally.

[Abiky]

Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created.
For every 1$ banks can lend out 9$.
So if usa debt are now 38tril.... then only 10%-15% are real money.

If that's the case, then why is the US so worried about the growing National Debt? I mean, if it's fake, all it takes is to stop paying its lenders and problem solved. I understand that money these days (Fiat) is printed "out of thin air". But debt is debt no matter the amount. The more money printing and government spending, the higher the debt and inflation will be.

Some say that debt will be an on-going issue, as it simply cannot be eliminated. In other words, countries need debt (borrowing) to have money available to spend quickly on infrastructure, services, etc. There's no such thing as zero debt. In the before time, debt used to be backed by cold, hard assets (physical) such as Gold and Silver. But those days are over. Expect things to get worse with the introduction of CBDCs. Just my two sats.

[FanEagle]

There is a great book by Larry Hannigan called "I want the earth plus five percent". It talks about creation of money all the way from gold days to today and how debt makes sure that it can't be ever paid. So in theory, there is no scenario where everyone can pay their money right now. No matter how much we equally distribute money in the world, there is no scenario where all debts can be paid back, it's mathematically impossible, so some people will have to default.

This makes sure banks keep on asking something that don't exist and in return they grow because everyone keeps on trying to pay from each others pockets and that's how banks pit people against people in the financial markets and grow thanks to this.

[EarnOnVictor]

Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created.
For every 1$ banks can lend out 9$.
So if usa debt are now 38tril.... then only 10%-15% are real money.

My candid advice to you is to go and seek knowledge, it's never by force to write something you know nothing about. Your post exposed you 100%, and I wouldn't have bothered myself to reply here if not to try to educate you.

Forget about many myths of the traditional bank system haters, banking figures are real. In case you don't know, money is not flying in the air or banks figures just created out of air, they represents value that are backed by or linked to something. This is applicable to what countries, companies and individuals own, they are either own those figures due to general buying and selling, asset sale, service rendered, bond, trust, investments, etc. Even political money has sources, so no banks or company would just create the money from the thin air. If that's how it works, then no country will stress themselves for money again. If that will not be madness.

[Coyster]

Expect things to get worse with the introduction of CBDCs. Just my two sats.

How? CBDC's are just the digital form of fiat, backed and issued by the central bank, i don't see how things would get worse through it in the context of debt and all. The area were cbdc would make things worse is in regards to privacy, as it is a pro-surveillance currency and nobody should use it if it has been launched in their country.

It's great that Donald Trump banned the issuing of CBDC's in the U.S., and i am also glad that the idea of CBDC failed and is "buried" in my country. I also don't see too many countries talking about it anymore.

[ZAINmalik75]

OP Your points are not clearly stated for proper understanding of.your tread
Don't you think its a structure ore a.pattern that has been set  by the financial institutions and even the government of the country. Depths are depts regardless of the ratio you want to share it to. They are obviously ways they are using to recreate more wealth and profits. So however way the depts are still correct and still stands

I also failed to understand what he was saying, but I understood few words, and he said that we deposit our funds in banks, whether we give them consent or not, they use that money, it depends on the nature of our account. But if we have given them consent, then what they will do is give our money to someone else for loan. Let's say we deposited our money for 10 years, but what the bank does is, they give 9 cents out of 1 dollar to one person as a loan for one year.

After one year, 9 cents came back, then the bank lent it to someone else for another year, this way, the same $1 has been used to givea  loan 10 times. Money increases. But it does not mean the money is not real. It is real and always comes bac,k or we can say it recycles.
US debt also like this but not this easy or straightforward to understand. It is something that many influencers don't want to explore. I don't know what OP is trying to get out of this discussion because he did not gave much information.

[slapper]

Right? banks make money through loans. Not news.

The 9 to 1 ratio, the fractional reserves, the fact that the majority of the money is credit and not physical currency - all true. 

The unreality of debt doesn't make the effects of debt unreal. Someone still can't pay rent. Someone still dies of everything when the system chooses their obligations are more important than their survival. The fact that money was created from nothing doesn't change the very real power it has over the lives of people.

The 38 trillion,maybe only a fraction is "base money" or whatever. It still has to be serviced through actual labor, actual production, actual human time and energy.

It's easy, apparently, to create debt. Banks do it constantly. Governments do it. But forgiving it? Restructuring it? Suddenly that's not possible, that's irresponsible, that would destroy everything.

If money is no more than collective agreement, then we could collectively agree to different terms. We could choose that sovereign debt operates in a different way, that the rules are different. But we don't because the current arrangement is extremely good for certain interests.

[Smartvirus]

Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created.
For every 1$ banks can lend out 9$.
So if usa debt are now 38tril.... then only 10%-15% are real money.

The point you are trying to make here or making is that; most of the loaned amount are actually just types on systems like a pre-loads on an account and it actually becomes real money only when it’s cashed out ? Like what is being said of stablecoins which is supposed to have its equivalent in fiat dollar but, in reality isn’t often the case… I supposed that’s what you are saying right?

Well, if that be the case, I’m not really in agreement with what you are saying and that is because, what makes money real is actually its ability to pay or be accepted as store of value and it doesn’t matter what form it assumes to do so. They carry value and can be exchanged for products and service. That’s what’s real about it and not it’s physical appearance.

When you are given a loan, it’s always left for you to decide what form it might take and still be secured.

[davis196]

Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created.
For every 1$ banks can lend out 9$.
So if usa debt are now 38tril.... then only 10%-15% are real money.

This is called fractional reserve banking and you have to read a book or two about it.
Every banknote, that is being printed by a central bank is "real actual money", because the law says it's real money and a legal tender of that particular country. You can't just borrow money and say "I won't pay this debt, this isn't real actual money". You will have problems with the lenders and they will try to confiscate your possessions. All fiat money are "real money" from a legal perspective(except counterfeit money), but if you change your perspective to macroeconomics and finance, all fiat money can be viewed as fake, because they aren't backed by actual assets like gold and silver.

[coupable]

The more supply there is, the more money loses value; even the most stable fiat currency, the dollar, is experiencing insane inflation.

You are the first one I ever met who call the dollar as a stable currency. Many others may loudly lough by reading your statement. I can consider the US dollar as the most instable currency ever existed because of the continious crisis he has gone through since the Brittenwood agreement. I suggest you to search about how much dollar had been printed without the equivalent cover in gold. Ever heard about the Nixon shock? Actually the world is stucked with the dollar so only because they are forced to use it by the US power to trust him at some extents.