National debt = ZERO: Austerity unnecessary. I'm sick and tired of people knowing little or refusing to talk about our banking system; we forget that we ourselves are all usurers.

submitted by Jesus from self.debatealtright

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]EthnocratArcheofuturist 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (3 children)

If the national debt was reduced to zero the US would experience the biggest economic depression in human history. The truth is that the national debt isn't the problem. It's private debt that caused both the Great Depression and the Great Recession. Debt will always exist as long as we live under the price system, and the state - especially a powerful state like the US - can carry way more debt than private corporations or individuals. The problem we have is that most of the debt creation - meaning money - is initiated by private banks, mainly in the form of loans. Debt creation should be nationalized and initiated at zero interest. Lincoln wanted to do this right before he was killed. It's why Bismarck called Lincoln's death a tragedy for the West. Germany always had a tradition of wanting to nationalize finance, which is why they were demonized by international Jewry and the Anglosphere.

Anyway, if you want to get rid of debt entirely then you need to dismantle the price system. Stop reading neoclassical economists and start reading Thorstein Veblen. The cancer isn't debt, the state, or the free market. It's the price system itself.

They love to distract you with race.

You're trying to subvert us. It won't work. Race is important. Period.

[–]Jesus[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Lincoln wanted to do this right before he was killed.

Lincoln was backed by whigs and radical republicans. His greenbacks were still debt bonds, and becme the forerunner of the FED system. People do not realize that. Lincoln worked for bankers of a different kind whilst the South worked for their own bankers. The people, all people, lost in the end.

Everything else, I agree with.

We need holding houses and silver certificates that are redemmable in the same amount of silver. Reserves as assets that are redeemable such as silver specie or silver bars that equal the exact amount without denomination devaluation.

That, with the ridding of interest bearing loans as public debt. That would prevent the banks from making a profit. Holding houses are the solution and money should be thr solution of an exchange of goods, not a deterrence due to the banks control over it.

As for the price fix system, I agree. It's largely based on Gold idolatry.

What do you think of a barter economy in a modern society?

[–]EthnocratArcheofuturist 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

Why did you delete your first reply?

Here are my responses:

No, it would not.

Yes, it would. You have no idea how the system actually works. You're just spouting misinformed libertarian clichés.

Just cut out the middleman and central bank.

There will always be a middleman, and central banks are good. The Great Depression was caused by lots of small private banks going bust. And if the US didn't have a central bank the Great Recession would have been much worse. Again, the problem is that most of the debt creation is initiated by private banks, and that the central banks are beholden to the plutocracy. In a Third Positionist regime that would't be the case.

By the way, nationalizing finance should only be a first step in dismantling the price system completely. That should be the long-term goal.

Lincoln was backed by whigs and radical republicans. His greenbacks were still debt bonds, and becme the forerunner of the FED system.

Yes, but it would have been a nationalized financial system. It's not ideal, but it's far better than what we got, and still have.

We need holding houses and silver certificates that are redemmable in the same amount of silver. Reserves as assets that are redeemable such as silver specie or silver bars that equal the exact amount without denomination devaluation.

This is more libertarian nonsense. Why silver? Why not water? Or shit? Or wood? Or sperm? Seriously, limiting your economy like that is madness.

That, with the ridding of interest bearing loans as public debt. That would prevent the banks from making a profit. Holding houses are the solution and money should be thr solution of an exchange of goods, not a deterrence due to the banks control over it.

I simply don't accept these reactionary solutions. It's extremely regressive.

As for the price fix system, I agree. It's largely based on Gold idolatry.

No, it isn't. You clearly have no idea what the price system is.

What do you think of a barter economy in a modern society?

Archaic lunacy. It's actually even worse than what we have now. We need to work towards a post-scarcity economy, and in order to achieve that we eventually have to dismantle the price system.

[–]Jesus[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Central banks are good?

Okay.