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According to positivemoney.org the reason why nations are in so much debt is because:
"...loan repayments are just the opposite process to money creation: banks create money when they make new loans, and effectively 'destroy' money when they repay loans. So when lots of people try to pay down their debts at the same time, money disappears from the economy."
Huh?
This seems to imply that perpetual national debt is a positive and necessary thing as it is only within such a scenario that money can exist.
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It simply cannot be true that the very system itself is so callously and contrivedly-yet-opaquely designed to make itself a self-fulfilling prophecy - a drug by another name upon which not just persons but entire nations grow dependent...
...Can it?
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So...
What do You Think?
Is perpetual debt a reality? Is it designed into the system?
If so then what will it take to get out of this mess?
Are there ways that individuals can mitigate susceptibility?
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This is a discussion-inclined post. I am extra-interested in hearing your views on this - even if your information or views completely contradict that which is mentioned here! :c)
Either way I do feel that its a topic worth discussing.
If you found this post interesting and would like to share this with your friends then a resteem couldn't hurt.
If you 'didn't' like this then feel free to share your views in comments. A civil conversation can go a long way.
Sincerely,
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