i AM NOT AGAINST DEBT!

Productive debt can be a good thing. Money loaned out against real assets (surplus savings) for productive enterprise is a very good thing. It increases the wealth of a nation. Money loaned out against savings produces slow but steady growth according to the capabilities of the citizenry and the wealth of the nation. Growth based on expanding debt based on pretend capital of money created at the stroke of a pen from nothing leads to a debt based boom from the increasing money supply provided by the unbaked debt, only to blow up and the money supply crash as the debt defaults. Slow steady growth from loaning out money based on real capital that benefits all citizens like a boat lifting from a rising tide, or fantasy growth from excessive money creation via debt expansion that enriches some while stealing from the future via debt that can't be repaid. The ones that are being enriched like the latter system. But the latter system is a bubble that eventually pops.

!. Slow steady growth based on real capital. Or 2. fast growth -pop, fast growth - pop, fast growth - pop with each cycle having wider swings till the system fails. We are using the latter system. I am against that. I'm for the former system.

Follow the money.

I am against two things

1. A monetary system where all money is created via debt that is an unsustainable system that favors the ones who get to create the money or are close to its issuance.

2. A government that spends beyond its taxable means and borrows money creating debt that can never be repaid, impoverishing its citizenry in the process by debasing the value of the money while enriching the power and money of those well connected to the process of the debt creation, all the time promising its citizenry things that can never be sustainably delivered.

John