The debt based Economy

Xzavier

New member
So if we change the system that money will be not Born from the debt?
What will be other way then?
And how it will be controlled how much money is given away to people to use it.


This Question is specially for those who is against this debt based economy?
 

Terrance

New member
So if we change the system that money will be not Born from the debt?
What will be other way then?
And how it will be controlled how much money is given away to people to use it.


This Question is specially for those who is against this debt based economy?

The other way is Bitcoin(the future) and gold(the past).
Back in the past,when gold was actual money,precious metals like gold and silver had to be mined,which means that certain resources had to be invested in order to "produce money".Bitcoin works the same way,you have to invest resources(capital,labor,electricity)in order to mine Bitcoins.You give value to get value.
With paper fiat money,you don't give value to get value.They are just printed,and you have to trust the government and pretend that those debt money have value.
 

Grayson

New member
In the future it might be better if the money is not from debt. Money may come from services performed, such as miners, who confirm every transaction and get the reward. and all of that is not controlled because of decentralization.
 

Jayden

New member
So if we change the system that money will be not Born from the debt?
What will be other way then?
And how it will be controlled how much money is given away to people to use it.


This Question is specially for those who is against this debt based economy?
I don't see a problem with debt and economics going hand in hand. You will never be able to make it big when you don't have a lot of money, fundraising has created unicorn startups like Google, Facebook and Microsoft now.
We've always had bad debt and good debt, and if we were to use it for good business to increase sales, that would be too great. Also, don't touch the bad debt that our economy is always growing.
 

John

New member
Well, here you are again trying to come up with a Bicycle.
Do you think you are no different from people who once decided to use gold/precious stones as a measure of value? No, you are different. Ancient people understood why they needed gold and saw a direct need to optimize the purchase and sale process.
Now , what's wrong with the debt economy? Well, do not take out loans yourself, do not use a credit card and live exclusively on your own funds. Have you ever done business bigger than a local ice cream shop? If so, you should understand that it is impossible to conduct business exclusively on own money (only if you are not a super-successful company that has come up with a totally popular innovation). It is very difficult to take money out of your pocket to upgrade the material base or expand production - that is why there are loans.
And so in everything.
So this kind of reasoning is rather just a concussion of the air as for me which has no real prerequisites.
 

Wyatt

New member
Debt is the economic equivalent to leverage with investments or gambling. Higher economic debt is correlated with greater potential profit in finance. This is the reason behind investment banks preferring debt based economies. In theory the debt portion of the economy allows them to make bigger leveraged debt based investments, which in theory, allow for bigger profits and paydays.

It comes at greater risk, reduced economic and financial stability. The results of playing with leveraged debt based assets can be disastrous as we've witnessed with debt bubbles associated with the "subprime mortgage" collapse of 2008.

People trend towards discussing systemic faults or benefits present in paradigms like debt based economies in an effort to comprehend and explain events. Human nature is defined in terms of wanting to simplify and generalize one thing being intrinsically superior to something else in a world of black and white.

I think culture plays a big role that is neglected. Business culture and general pop culture are not static constants. They shift and change over time.
 

Henrik

New member
Let's go back in the past and just do barter. You pay what you have in exchange for the things that you are about to get food, water and other necessities. It's real-life trading of goods and services you have for another goods and services that you want.

But, I still can see that debt could start out with that kind of economy. Changing the system will require you tremendous resources and power. There's no coming back and this kind of economy will remain.
 
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