there is no debt

[nomoregold]

I came across this blog (www.thereisnodebt.wordpress.com) some months ago. I recommend it to anyone who is highly suspicious about world crises and LOOKS FOR SOLUTIONS.
I gave this link to all the people I know and wish everyone could be informed about the nature of the big issue we have to deal with nowadays.

Did you ever experience the magnet of truth? All the pieces fit in and there is no room for mudding the water no matter what the sphere of life, no matter what part of the world.

Warning! If you are afraid of hardcore logic - don't look! If you worry about thinking for yourself - do not look!

SOLUTION TO THE BANKERS LIE OF ECONOMY -

THERE IS NO DEBT IT’S JUST YOUR IMAGININGS
http://thereisnodebt.wordpress.com/2013/02/26/there-is-no-debt-its-just-your-imaginings-2/

IF YOU WANT YOUR 'LIBERTY' YOU HAD BETTER UNDERSTAND WHAT IT MEANS -

QUICK LINK GUIDE FOR RAPID UNDERSTANDING OF LIBERTY
http://thereisnodebt.wordpress.com/2013/12/13/quick-link-guide-for-rapid-understanding-of-liberty/

[saddampbuh]

exterminate bankers landowners and big shareholders or pass a law depriving them of their rights and the debt goes away for all time

[thejaytiesto]

Of course there is debt, the problem is a big chunk of it is not legitimate debt.

[WEB slicer]

there is no debt. it's all smoke and mirrors. nothing more than imaginary numbers on a computer screen with nothing to back it up in the physical world

https://www.youtube.com/watch?v=iFDe5kUUyT0

[Wilikon]

Sounds like a poll made to support the upcoming Podemos party in spain, a follow up in what happened in greece recently. We we live in 'interesting' time 

If you want to erase 'debts' in the world, switch the word 'debt' with the words 'future investment'. Done 

[Snail2]

Most of this dept is just virtual reality. However lots of institutions working on converting it to real world stuff... :/

[rosh]

there is no debt. it's all smoke and mirrors. nothing more than imaginary numbers on a computer screen with nothing to back it up in the physical world

https://www.youtube.com/watch?v=iFDe5kUUyT0

Just countries where generations slog trying to erase those imaginary numbers.

[skinbrake]

Yes, there is debt. The question is who is responsible for this debt and why should the tax payer pay for banking mistakes.

[manis]

Yes, there is debt. The question is who is responsible for this debt and why should the tax payer pay for banking mistakes.

We get the government we deserve.
We get the bankers we deserve.

[BADecker]

Originally, the fiat debt idea was set up to expand money beyond the amount of gold and silver there would be when the population expanded to numbers like today. The amounts of gold and silver being mined would not cover high populations so that everyone could have even just a little.

Fiat is borrowed into existence. Laws have changed the definitions of words like "borrow, loan, debt, lend, etc.," when used with the fiat money system. Loans are really creations of new money.

Originally, the idea for the debt money system would be to create new money with all "loans." For example. If someone "borrowed" money to buy a house, new money would be created to give to the "borrower" to buy the house. Over the term of the "loan" repayment, the repaid principal would be placed into an account to be returned to the "borrower" at the end of the term of repayment. The reason this was done was to keep the money system from creating more money than the system could handle, thereby causing hyper-inflation. Interest on the loan would be small, and would be the amount that the bank received for maintaining the account over the term of the "loan."

As we see in real life, the banks twisted the whole thing around and wouldn't return the principle to the creator/originator (borrower) of the loan at the end of the term. In addition, they increased interest rates to unnecessary and exorbitant percentages. Then they took their interest first, making the principal repayment to be extended so that they could continue to receive big interest payments for a longer time. If that wasn't enough, when people couldn't make their payments, they foreclosed on the whole property, no matter how much equity the owner had in the place, and sold it for pennies on the dollar, leaving the owner with nothing for all the years of sweat and money he had put into it.

The hundreds of $trillions of dollars that the world banking system has created that is just floating around on the banks' books, is money that should be returned to the peoples of the world who have borrowed from the banking system... or to the heirs of their estates if they have passed on.

The debt/money/fiat system may be a good thing if handled honestly. Yet, because the banks have corrupted the whole thing by using it to rob people and nations blind, it should all be collapsed back to a value for value system.



Bitcoin BTC

[Possum577]

Thanks for sharing.

By the way, can I borrow $1000 from you?

[Possum577]

Yes, there is debt. The question is who is responsible for this debt and why should the tax payer pay for banking mistakes.

We get the government we deserve.
We get the bankers we deserve.

This is incorrect.

In the US we get the government we VOTE FOR and the bankers we PAY FOR.

Stop voting for bad politicians! Stop doing business with bad bankers!

There are better options for both of these choices.

[WEB slicer]

your vote means nothing.

[Possum577]

One vote means everything. If every person said "My vote means nothing" no one would vote and the government would have dictator rule.

I can understand why you're jaded, but it's not because your vote doesn't mean something. It's because too many people don't vote. If the 99% (all of them) voted for what they wanted they'd see the government they want.

[WEB slicer]

i disagree. smoke and mirrors. if the higher powers want somebody in office that person will be in office regardless of the votes. all the decisions are made behind closed doors. elections are just a show for the masses.

[TECSHARE]

The premise of this op is technically correct under the law, but the law seems to be whoever has the guns now days. Basic contract law requires something called "considerations" in order for a contract to be valid. This means something of value is exchanged for something else of value. Because the banking system uses fractional reserve lending, they don't actually loan you money they are holding, they simply "print" the money, or basically punch the numbers on a computer into your bank account. In short they are not offering something of value in exchange for the ownership of the debt, the US taxpayers, and all dollar holders globally foot the bill, not the bank. This is a basic tenet of international commercial code upon which the entire global economy has been based for many generations. The vast majority of debt that exists today is onerous and invalid under maritime contract law.