We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
!!Why it is all absurd and we should wake up!!
Comments
-
boltneck123 wrote: »
our monetary system, and it is all flawed and based on nothing more than debt, it's entire existence depends on someone being in debt
Say you paint my house.
Are you saying I will not be indebted to you and owe you a payment in your alternative world with a new monetary system?
In turn if you borrow from the village fund to build yourself a house (this is the origin of the Building Society), in your new world you will never be in debt to the fund (other village contributors to the fund)?
What if the fund has a large sum in it's vaults (i'e' a security) and wants to help the neighbouring village build houses, by the fund borrowing from a bigger town fund thus bringing forward the time when the second village folk get to own a home? In your brave new world how is indebtedness extinguished?0 -
When people talk of getting rid of our debt-based money system, it does not mean the alternative system would be one in which you could never borrow money.
It just means that the lender would have to have the money in the first place and increased borrowings arise through increased productivity.
There is no sane reason why we have to borrow our means of exchange from commercial banks when we (collectively as a nation) could issue our own freely circulating, debt-free currency at practically zero cost.0 -
When people talk of getting rid of our debt-based money system, it does not mean the alternative system would be one in which you could never borrow money.
It just means that the lender would have to have the money in the first place and increased borrowings arise through increased productivity.
There is no sane reason why we have to borrow our means of exchange from commercial banks when we (collectively as a nation) could issue our own freely circulating, debt-free currency at practically zero cost.
Yes......:rotfl:
You don't really understand how money works do you?0 -
Yes......:rotfl:
You don't really understand how money works do you?
I didn't say I agreed with it.
I just explained the position of those who are "anti debt-based money"
I was correcting a post implying that a system run along different lines would prevent people from borrowing money.0 -
There is no sane reason why we have to borrow our means of exchange from commercial banks when we (collectively as a nation) could issue our own freely circulating, debt-free currency at practically zero cost.
King Henry 8th need not have borrowed and also taxed his people to build the military to protect against France et al?
He just needed to print more duckets?
Really, is it this simple?
How did he and the rest of the world not spot your cunning plan?
1930's Germany and Zimbabwe simply needed to print more money at zero cost?
My questions to you in red.0 -
I refer you to my post above0
-
Well a mixed bag of replies and the discussion of bit coin raised. Interesting.
This was an experiment of mine, I am trying to get a general idea of how many people understand how the system works and why it is flawed (hands up, I am by no means an expert and I am still playing catch up with my learning - but a good way to further learning is to debate)
Of course there are other posters posting videos and links to information such as the topics at the end of the link I posted, but who cares, if you don't want to read or discuss it, ignore it. Please don't have a go at me because I have only recently learned about something, at least I have taken the initiative to learn how things work - instead of being ignorant and going on blindly believing something else.
Money created virtually, or simply printed, under the current system requires exponential growth for the system to work. Ultimately the money available to us depends on the resources available on the planet, we have to consume to keep going. Deluded people who think that this can continue fascinate me, regardless of what monetary system we employ, we cannot consume more than there is available.
I am not going to try and explain what I am learning to other people (I am informed enough), if you understand it and decide to discount it, then fair enough. I am not so sure I believe 100% what I have been reading and watching, so I will make an effort to carry out my own research into how things work. If I find validity, I will change my beliefs and perceptions accordingly.
It feels like one of those situations where someone might say, at one point people thought that the Earth was flat, a belief ingrained so deep into society - that those who said it was round, looked absurd.
I suppose all we can really do is sit back and consume our selves into oblivion, and then wait for the people who blindly support the current system to sit up and go Doh! If there is one thing about humans I am sure about is that we are a herd species.
If enough people say something is right, or if someone on the TV (the ultimate proof, dur! (but not) supports something then it must be true (This is basically Social Constructionism).
The vast majority are to lazy to research peoples claims, or even critically analyse them. So a small proportion of people have to live along side a herd that consume and accept what is put in front of them without a second thought. Then those who say otherwise are looked at with disbelief, because the person on the TV did not say that. I really hope we don't make alien contact anytime soon (Yes I believe we are not alone), I am so embarrassed at the current state of our planet and our species, it is backward.
Oh, Conrad, if you would like me to paint your house, maybe we could do it together, then when I need to put my new garden fence in - maybe you could help me do that and share a few beers with me. Then amazingly we have both benefited and probably had a laugh while doing it. (I accept that a system like that could never work on a large/global scale, but come on, don't play devils advocate, that is how insurance salesman work - nice try though).
Thanks.0 -
These threads are always the same.
They start off with a shock headline and a link to a YouTube video, followed by the OP adopting a faux naif pose.
Are they all following some kind of template?0 -
Antrobus,
From looking at your posts, you seem to have made it clear that you support the current system and see nothing wrong with it. The videos and information on the positive money website present an argument as to why the current system is wrong.
Please provide me with information as to why you disagree with them and explain how you perceive the system to work. I thought this was a debate section? Each side should present evidence for their argument, should they not?
Antrobus, please tell me how money works, if I am naive then forgive me, please. I am trying to make sense of how our economy works, all you offer is snide remarks. If you don't want to see yet another fractional-reserve, money isn't real thread, then don't read it.0 -
Whatever.
You got the point and are now just being silly.
And by the way, in 1972 there was another virtual currency in common use ...........
luncheon vouchers"When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards