The Other Side of Leverage

[hobbyfrmr]

For everyone's sake let's hope this bust cycle isn't all part of the agenda spelled out in the excellent read "The Great Taking" and Mark Carneys vision of "stakeholder capitalism" in which according to the predictions of his handlers at the WEF, "You'll own nothing and be happy" by 2030. The everything bubble sure is smelling ripe.

Under the debt based fiat currency system, dollars only come into existance as debt with interest owing. This makes paying back the debts an impossibility as more dollars must always be created to cover the interest on existing debt. The real value exchange happens during the manufactured bust when the credit is tightened. The hardwork and the real property of the debt slave is transferred to those that produced nothing at all but the illusion of money. Quite the value proposition, something for nothing. Those like Monette aren't bright, they just ran further into the trap after a bigger chunk of cheese. "Mortgage" after all loosely translates to death grip in Latin.

Excellent perception of fractional reserve lending, central banks, the Cantillon Effect and fiat currency. Well done.

[shtferbrains]

"The real value exchange happens during the manufactured bust when the credit is tightened. The hardwork and the real property of the debt slave is transferred to those that produced nothing at all but the illusion of money. Quite the value proposition, something for nothing."

Don't know if this is the same but works on the something for nothing prop IMHO.
What really burns me is when it comes time to settle an estate like Wiseguy mentions and the operating family members have to go to the bank and mortgage land that maybe never had a mortgage on it for 100 yrs.
Nowadays banks make millions on land they had nothing to do with.

I guess just a clear example of what your saying.
Money for nothing.