I see an economic diasater coming...

[Farmhand]

If all money comes from the central bank as debt with interest already attached, then it is actually impossible to repay the debt as the money to pay the interest is created with interest attached as debt also. It is a never ending cycle of increasing debt.

..

[the_big_m_in_ok]

If all money comes from the central bank as debt with interest already attached, then it is actually impossible to repay the debt as the money to pay the interest is created with interest attached as debt also. It is a never ending cycle of increasing debt.

..

I saw from an old source that said, big debt holders were borrowing to pay the dept, and also borrowing to pay the interest on the debt.   When I told a friend this, he rolled his eyes toward the ceiling, exclaiming,"This isn't ever going to end!   Nobody can afford that!"
       I said,"The economy would collapse when people realize that.   Just like the Great Depression of the Thirties.   Only worse because there's more money in circulation now.   The 'Crash' will be worse."

--Lee

[Dog-One]

The total debt is so great that it'll take even millions of years to pay for it.   You're correct on that point.   The economy will collapse, even if it's deliberately engineered to do so.  That is also a possibility.

Come on man, Asperger's syndrome or not, you can't be that dumb.  Why are you dancing around the facts?

Yes it is a deliberately engineered Ponzi scheme.  You can't create money, loan it out, then expect to get it all back plus interest.  Not possible.  So a million years won't help.  Nothing will help except to completely eliminate it.  Money is a concept that must end.  No more free lunches for these fat fucks with more chins than a Chinese phone book.  Period.

Now since this is a Ponzi scheme, they can prop it up for as long as they want to.  We're the idiots that buy into it.  If the masses get a clue, it's game over.  But they won't will they, ever.  As long as the ones at the top continue to get their free energy (in the form of labor) while we give that away out of the goodness of our hearts, the system will go on and on and on, 'til death do us part.

So Lee, what is your point with this thread?  You're not predicting a date this massive collapse will happen.  You're not telling us the straight scoop (because your masters alter your posts).  So what gives?

BTW, your employer is the same as my employer.  They know what I think about the situation.  They know I really don't give a shit how it all ends.  They know that I know I'm not welcome here on this rock.  So when I'm gone, they can have their little party and spin around in circles ad infinitum.  I take it you are afraid of them.  They can hurt you, so you keep quiet.  News flash:  They'll hurt you anyway.  This is their shit hole not yours.  They do what they want, they way they want and any time they want.  Did you not get the memo Lee?

Maybe I should be sorry.  Maybe I have a case of "I'm pissed off and not going to take it anymore" syndrome.  Things are what they are.  If the truth pains you, don't listen.  Most don't.

[triffid]

Consider this.Soon like in Oct.Our debt ceiling will be raised to 21 trillion dollar.No matter who is elected,over the next 4 years it will double.No wonder everyone is pushing gold at this time.The demise of the US dollar has already been planned.When inflation reaches 10 percent in our USA.All Hell will be breaking loose.Look for inflation of 10%.Its a sure sign of a collapse being close.triffid

[SeaMonkey]

The World's Economic System is Failing Fast

More bad financial news. Italy, Germany and China continue to decay economically as they move toward financial catastrophe.

Banking sectors are trembling and on the way to toppling. Meanwhile, in China, one of the country's top businessmen just issued a warning that the country's dreadful real-estate bubble could pop at any time.

This sort of horrible economic narrative is not a coincidence. It has been painstakingly put into place by the world's elites. It takes a lot of time and effort to shake the prosperity of seven billion people.

But by establishing the dead hand of central banking around the world and then pumping money for decades into the world's swollen coffers, the grand debacle has been painstakingly prepared. All that is needed now is a shove.