Economy

napoleon_in_rags

(3,991 posts)

24. I think there's reason in your optimism.

Sat Feb 9, 2013, 09:45 PM

Feb 2013

The simple truth is this: The wealth of the world is created by the people, for the people. Any claims laid to all of it by banks surely ignores the fact that people have a right to the fruits of their labor.

But at the same time, I must ask why we continue to labor under a system which takes as axiom that all the money in the world, and then four times as much, is owed to private entities for the privilege they claim of creating the money we trade. This system is bound to break, and I think we do a service by admitting as much, and not hiding it and pretending that things are okay. We the people, who create the wealth of the world, have no reason to cower before a new world where we are afforded the full fruits of our collective labor.

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Can somebody please save me from Zeitgeist? [View all] napoleon_in_rags Feb 2013 OP

Bookmarking for when I want to have a nervous breakdown n/t Duer 157099 Feb 2013 #1

Lol! I'm currently treating my own with a glass of win and John Lennon Therapy: napoleon_in_rags Feb 2013 #2

Money is created as debt... Sekhmets Daughter Feb 2013 #3

Its BLOWING MY MIND. napoleon_in_rags Feb 2013 #5

Well, that's what the mortgage crunch was all about.... Sekhmets Daughter Feb 2013 #6

You're supposed be calming me down, but what I'm hearing is - its true!!! napoleon_in_rags Feb 2013 #7

I do apologize, most sincerely.... Sekhmets Daughter Feb 2013 #9

Oh, it was you! Thank you so much. But answer me one question: napoleon_in_rags Feb 2013 #10

I've known about this for years... Sekhmets Daughter Feb 2013 #12

But what reforms? napoleon_in_rags Feb 2013 #14

The debt can be paid down by raising revenue and cutting spending... Sekhmets Daughter Feb 2013 #18

If you' re writing this from a comfy chair in front of a nice desk truedelphi Feb 2013 #37

I was SHOCKED at the answers to Elizabeth Warren today. napoleon_in_rags Feb 2013 #38

I'm not an economist, and... RevStPatrick Feb 2013 #4

But you sound so non-chalant about it! napoleon_in_rags Feb 2013 #8

I'm non-chalant about it because... RevStPatrick Feb 2013 #15

Like? napoleon_in_rags Feb 2013 #16

Global climate change? RevStPatrick Feb 2013 #17

I think you can download this for free and it may help you feel more confident. JDPriestly Feb 2013 #26

I'm reading it, but it keeps implying that the government creates money. napoleon_in_rags Feb 2013 #27

Well it is... sendero Feb 2013 #28

Well, money is debt at its heart Warpy Feb 2013 #11

I'm with you on that. napoleon_in_rags Feb 2013 #13

I've watched all the Zeitgeist flicks, and Kymatica which preceded it. This is CT, but interesting. freshwest Feb 2013 #23

I think there's reason in your optimism. napoleon_in_rags Feb 2013 #24

I wanna make one more comment on this great reply. napoleon_in_rags Feb 2013 #25

This conversation has been so good, I had to get some hearts my own damned self MrMickeysMom Feb 2013 #19

Thanks for commenting. napoleon_in_rags Feb 2013 #20

Precisely why I left banks behind in 1978. I worked in banks for 10 years. mbperrin Feb 2013 #21

Man, I'm glad we have teachers like you in our educational system. napoleon_in_rags Feb 2013 #22

Good conversation by all 2naSalit Feb 2013 #29

That's a good post, I struggle with that question a lot. napoleon_in_rags Feb 2013 #30

If answerd already Mattias Feb 2013 #31

Thinking about the stories behind it all... napoleon_in_rags Feb 2013 #33

Conversations like this is why I come into this group. A couple of thing to help you cope. Egalitarian Thug Feb 2013 #32

Will check it out: napoleon_in_rags Feb 2013 #34

When previous cultures have reached the point we are at in the past, Egalitarian Thug Feb 2013 #35

Its in the Bible! napoleon_in_rags Feb 2013 #36