Debt based currency is fine if the system let people go bankrupt and let them start from fresh again.
The money "created" will be wipe out during the recession and depression. Only the strong will survive if the goverment let people fails.
This Justine quote above even thinks it's fine that central banks repeatedly fail in their mission
objectives (as well as plunder their slaves) thus creating depression after depression and it's
merely fine because 'the little people' are allowed to go bankrupt. A typical slave driving banker
statement if there ever was one. This is the typical reply from their 'best & brightest' that require
endless bailouts for their repeated failures so that they can remain in power and control of
everyone else. The future wont be yours Justine. Your all overdue for your own terminations.
If the reader can't or doesn't yet understand that debt-based currency is a tool of private mafia
bankers to enslave both nations and their populations then that reader (fool) fully deserves the
fate that these criminal bankers have set for him or her into perpetuity.
There is no defense left for debt based currencies. None. None what so ever. Nor can they sway
anyone but fools and compromised cowards.
Everyone but a tiny group of criminal, corrupting bankers will endlessly be ever more prosperous
with greatly reduced taxes, and many more monetary benefits for everyone with debt-FREE
currencies.
e.g. Today the U.S.A. alone will incur almost half a Trillion Dollars in interest payments alone, this
year. Next year those costs will be even higher. And dare we say IF or WHEN INTEREST RATES
rise the costs for merely the INTEREST ON THE DEBT for all that privately issued/loaned DOLLARS
will be more than all of the federal governments revenues from all sources.
e.g. Never again will banking and corporate failures get tax payer bailouts while the mafia central
bank secretly bails them all out to the tune of ten's of trillions behind closed doors, and of course it
all ends in vain except for what they were all able to steal away, if only for a short time before their
ultimate terminal failures.
Where as with debt-FREE currency the states tax payers wont be further burdened by paying
interest on any debt for the banking mafia's money their utilizing. Not to mention the state wont be
subject to the whims, bribes, coercion, blackmail, threats, and murders by their banking masters.
Central Banking as it's known is a colossal failure in every one of their own stated objections and
mission statements. This there by gives all the evidence needed that their even a worse solution
than state sponsored and directed currencies, state controlled monetary and fiscal policies, for the
benefit of everyone instead of a tiny group of mafia bankers.
In other words the system has already failed. Their just finishing up stealing everything else they
possibly can on their way out the door, which is exactly what QE (counterfeiting to the extreme)
offers the biggest bank robber baron pirates in all of history.
Anyone going forward that disagrees can and must be regarded as an enemy of the state, a traitor,
guilty of high crimes and the worst enemy of the entire public. Ignorance wont be any excuse for
principles! They all deserve nothing less than the death penalty, just as the US Constitution provides
for the worst cases of counterfeiting of the currency. Of course the A+ student above didn't learn
that either, until that is he reads this reply.
So I suggest this: Go back to your Economics Professors, and question a lot, call out all the economic
flaws of western economic theory (their are a great many of them), and then receive a B- if that
professor has any honor what so ever. Only then will one learn to think for themselves. Until then your
just an obedient worker slave just smart enough to run the machines and just dumb enough to keep
getting less and less income, benefits, and the vanishing pension, not to mention being fired or
otherwise not having your contract renewed just before being fully vested. Or, on the other hand: Stick
that is your opium pipe Missy, and try again, and at least try to be less sloppy!
As for where Bitcoin and cryptocurrency fits in: they are the "checks" in checks and balances that
assures everyone plenty of liquidity to fully escape from a failing set of monetary and fiscal policies
of state created legal tender debt-FREE currencies. And yes, many a state and or central bank will
continue to be corrupted, and then ruin their currencies as they always have, usually of course by
way of too much spending/borrowing/printing of the currency.
Bitcoin is also of course tailor made to be the next global reserve currency for banks too. Anyone not
yet understanding of this isn't yet operating with any critical thinking skills.
So it's obvious for anyone but certain Western Economics students to know exactly 'where Bitcoin fits
in' the scheme of things. Bitcoin will be as good for the stability and success of the state as it will for
the citizens it's suppose to represent.
Note: the Privately Owned Fed (Federal Reserve System Inc.) flies in the face of the biggest and most
gross flaw (Privatization of the Currency itself) of Libertarian/Austrian Economic theories very
foundations. Toss in their other grossly flawed theory of full deregulation of everything and well their we
all desend, back into pure chaos of another neo-fuedalistic slave age, one much worse than even today!
Of course A+ students of Austrian Economic theory such as Dr. Ron Paul have as many flaws in their
economic quivers as does an A+ Economic student labeled and named Libertarian Sir Dr. Alan Greenspan.
So yes, I just placed a dagger into both these clowns, but at least Dr. Paul is the consummate politician,
instead of the clusterfuck that gobbledegook con artist "bubbles" Greenspan obviously was all along for
anyone but dumbed down obedient worker/slave/students.
I suggest to learn instead to be students of Capitalism. Independently. And always be willing to point out
every serious and minor flaw of every economic theory. Until this is done to completion societies will
repeatedly collapse and also be robbed of their wealth and savings.
Of course we're still very much in the dark ages of mafia ruled economies, and their deeply flawed
economic theories.
But by all means: Do try again 'best & brightest' Justine.
