[Cid_Yama]

$this->bbcode_second_pass_quote('', 'T')he grasp and grab for resources, including and most obviously oil and gas, has been going on since the end of World War II in its current state. It was spoken about openly when the media was more constrained and less widely available. Churchill spoke eloquently about how debt was a far better weapon against rowdy natives than the Gestapo or the state-capitalists in the Soviet Union’s KGB.

Debt would allow “great men” to reach their destiny without insufferable wretches, the public, getting in their way. Institutionalize debt internationally and it would also allow great nations to rule quietly and with Adam Smith’s “silent hand.” “Or else we should be forever trapped within our mansions.” said Churchill.

Adam Smith however would today be classed as a left wing economist, the Joseph Stiglitz of his age. He wrote, also eloquently, about how markets needed justice in order to function, otherwise the merchant class would spew despair and misery around the world. He was correct.

[Pretorian]

$this->bbcode_second_pass_quote('Cid_Yama', 'N')eo-Colonialism, where the IMF loans money to nations, then strips them of their resources to cover their 'debts'. No reason to hold off from doing it to your own people either.

[Cid_Yama]

$this->bbcode_second_pass_quote('Pretorian', 'A')s for " your own people" this is just silly, you don't produce anything of value , your job was created just so you can be a nice consumer and not run around the streets with your tongue outside, looking out to steal or to rob someone, and scaring bejesus out of rich populace.

[dinopello]

The 'entire world' is indebted to Mother Earth.

We can hope she will negotiate some compassionate payment terms.

[Crazy_Dad]

http://www.abc.net.au/iview/#/view/475459

Watch it while you can - A very interesting view of how the ponzi scheme can go bad.
I watched the changing fortunes of farmers in the 70's and 80's through the eyes of my school mates. Who came mostly from the areas mentioned in this doco. A sad tale.

People like Bernard Salt would lead Australians into this mire further.

[efarmer]

Pretorian tells the correct story for the game of money to remain viable. The lowest level person has to suffer if they abuse the notion that the represented value of real goods and services is not intrinsic in the money or it starts to disconnect that it really represents goods and services.
This is why so many people in the US constantly wish to blame the financial crash on the people who soaked up the loans from Fannie and Freddie and government subsidized market players because they were traditionally allowed to cheat on the money game rules to stimulate economies or pursue social agendas by taxpayer subsidy in government created pools of money. This credit system user abuse undermines the consequences that abuse of the notion of money has consequences, it is the proverbial wolf that is always at the door of the money system. The real blow to the financial system was the operators of the system itself knowingly creating fraudulent investments, ratings for those investments, and mythical insurance to cover fraudulent investments. The people responsible for enforcing the linkage between money and value went snake and blew up their own game.



With no immediate alternative for the money system they destroyed, these folks are left to just print, and cut agreements with each other for collaborative illusions, and kick the can down the road. Our financial industry has obtained enough control of it's host government to insure that the discipline for their behavior will be token and they will largely be left in place. Their behavior and lack of consequences for it will be the mechanism for the next global financial power to rise as fast as it can get it's makeup on and drag it's buns out on stage. Uncle Sam will stay out and work the crowd in the interim, a few jokes, a little soft shoe, and with a hope that the hook doesn't hurt when it pulls him offstage.

[Pretorian]

$this->bbcode_second_pass_quote('Cid_Yama', ' ')$this->bbcode_second_pass_quote('Pretorian', 'A')s for " your own people" this is just silly, you don't produce anything of value , your job was created just so you can be a nice consumer and not run around the streets with your tongue outside, looking out to steal or to rob someone, and scaring bejesus out of rich populace.

[Cid_Yama]

Which returns us to my original point.
$this->bbcode_second_pass_quote('Cid_Yama', '')$this->bbcode_second_pass_quote('', 'T')he grasp and grab for resources, including and most obviously oil and gas, has been going on since the end of World War II in its current state. It was spoken about openly when the media was more constrained and less widely available. Churchill spoke eloquently about how debt was a far better weapon against rowdy natives than the Gestapo or the state-capitalists in the Soviet Union’s KGB.

Debt would allow “great men” to reach their destiny without insufferable wretches, the public, getting in their way. Institutionalize debt internationally and it would also allow great nations to rule quietly and with Adam Smith’s “silent hand.” “Or else we should be forever trapped within our mansions.” said Churchill.

Adam Smith however would today be classed as a left wing economist, the Joseph Stiglitz of his age. He wrote, also eloquently, about how markets needed justice in order to function, otherwise the merchant class would spew despair and misery around the world. He was correct.

[pup55]

Too Easy.

Its children and unborn grandchildren. The nation's and world's 3-year olds that don't have any idea what we are doing to them.

We're borrowing trillions of dollars from them, they will need to pay it back one way or another, either by higher taxes or by a worthless currency.

[efarmer]

The amount of accounted debt or wealth that is passed on only has meaning if it correlates to the ongoing ability of the existing money system to represent what it symbolizes and keep our accounting system intact long term. Real value in the way of habitat, resources, labor, and energy will either be present or they will not regardless of how "the books" look when we attempt to push them forward into time and past our own usage of them.

We are so used to money representing true wealth that we have confused the two and believe the world (in a form most suitable to our species) can be saved by simply cleaning up our books.

The future people will have to see what resources are and what labor they support at some future mark in time, and figure out their own money system that is in balance with what it represents.