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Reply #3

In the discussion thread: Eliminate the deficit instantly [View all]

Response to abumbyanyothername (Original post)

Wed Oct 3, 2012, 02:24 AM

3. It's called Modern Monetary Theory...

...and with the decoupling of money from commodities (ie. the gold standard) it's not as crazy as it sounds at first.

Since money is effectively an illusion, so is debt.

The only thing that truly constrains planetary progress for all life forms is the limits of our environment. That is why the careful stewardship of this precious planet is the main thing I worry about.

The rest is an abstraction layer created by elites to control the masses.

Did you notice how fast the money was created out of thin air when the global banking system (fake money illusion) was about to collapse. Where was the "tremendous inflation" that everyone warned us about? Other than a bunch of hedge fundies and gold bugs driving up the commodity prices of everything from wheat to oil prices actually fell. How is that possible if "money printing" causes inflation.

By the way, no money is printed anymore. Numbers are entered into computers. Cash spits out of ATM's. People exchange plastic for goods and services. You can't get much more abstract than that.

It often reminds me of the great powerful "Wizard of Oz."

Just don't look behind the curtain...

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