More debt than there is wealth in the world?

5 2018-04-21 by Junkie_Monkie

The front page of r/worldnews/ has a bloomberg article about our debt being 164 trillion but if you google how much wealth there is in the world it's like 60-75 trillion.

https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers

Google: "how much money is there in the world"

Top answer: "That figure is around $60 trillion. And the last figure, the $75 trillion M3, is much more abstract and not often cited in official figures."

44 comments

It was never ment to be paid. It's there to make people dependant on their money slavery and make the mafias related to their banking and weapon dealing mafias richer.

Fiat:

An authoritative or arbitrary order

Coming from Roman Law. Rome says it exists, so it does, and will be enforced . All debts are paid in full, and there is a huge difference between public and private debt.

What it boils down to is, are you a public servant or a free, living human being? Do you want privileges or Rights?

I'll leave you all with this: If everyone is a fraudster and thief, is anyone a fraudster and thief? Dem' Federal Reserve Notes in your wallet/purse, are not yours to spend ;)

I think a lot of people are just human, all too human.

I like to see us all as occultists.

More debt than there is wealth in the world?

TPTB are just hedging their bets. They gotta make sure they keep us enslaved.

That said, the fact that we actually keep listening to their stupid "you have to pay your taxes and continue going with this money as debt" bullshit just shows how underdeveloped and primitive we are still as a species.

Why don't we just wake the fuck up - all of us? Just come together as one and realize this whole money as debt thing is utter enslaving bullshit?

So long as we keep listening to TPTB, they'll keep taking advantage of us.

smh.

Many people know what's going on. The problem is that armed thugs insist on debt enforcement, so whatever you may think about debt, whatever you do to avoid paying, or even if the debt is valid at all, is irrelevant. Armed force is necessary to maintain a system of debt and private property, and ultimately what are you and I going to do about it when said armed thugs come knocking?

The particulars may be a little more complicated - for example, the middle class and the petty capitalist class have a stake in the present order for the sake of their status in society, and the existence of money and debt gives an adequate cover for believers in eugenics-fascism to pursue their aims, so they will willingly defend this regime without prompting from the armed thugs.

Many people know what's going on. The problem is that armed thugs insist on debt enforcement, so whatever you may think about debt, whatever you do to avoid paying, or even if the debt is valid at all, is irrelevant.

No. It is absolutely not “irrelevant”. TPTB thugs aren’t the only ones who are armed. There’s a reason why the second amendment exists - and it’s not to let the state keep taking advantage of the citizens.

And before you or anyone else goes on some “you’re no match for Big Brother!” rant, here. Read this please.

Armed force is necessary to maintain a system of debt and private property, and ultimately what are you and I going to do about it when said armed thugs come knocking?

Fight, motherfucker. Fight.

You can fight, maybe to the point where your personal debts aren't going to be collected, but if too many people aren't paying into the system, there is going to be a major problem and probably a general genocide.

The problem as I see it is that the majority of those under arms in the US are supporters of debt-slavery, either because they are part of that middle class, or because they are dupes. What good is a gun if you're too blind to aim it, if you're incapable of making any plan greater than "get off mah lawn"? But, let's say you put your arms to use resisting debt-slavery. You'd have to live as an outlaw, and thanks to enclosures you would have fewer and fewer means of living outside of the legitimate system. The armed thugs seize the land and means of production, as the property rights of the rich and powerful. It would not necessarily even be a matter of the regime having bigger guns than you - it would simply be the government and large corporations exercising their freedom to own property and not do business with you. It just so happens that they own everything, so your only option is to comply with them, starve, or steal from them. It wouldn't necessarily take the form of armed goons coming to your house to take your land (although they can do that, and if you're attached to your land it's far easier to take you out), it would be through monopolization of the means of production and property.

I don't see how propertarian laws and supposed "rights" come into play here. You either have the means to fight, or you don't. I'm pretty sure if a debt collector comes, you don't have a legal right to kill or maim the debt collector, and if your gun is registered with some government list it is effectively neutralized. The only way you could use a weapon in self-defense, in this context, is if it were an illegal one, used illegally - which is great, I'm all for fighting, but I wouldn't base that on what some rich motherfuckers wrote. (The rights they were thinking about were not for YOU, silly, unless you were someone of means.)

I don't think many people have the stomach to do what is necessary to overcome this system completely, or even win freedom over a considerable territory.

I responded at length to this, and there's a great deal that can be said to literally every sentence you typed. However, the ultimate and final point here is the same as above:

So long as we keep listening to TPTB, they'll keep taking advantage of us.

Unfortunately, too many on this planet are okay with being sheep.

We shall remain enslaved so long as this continues.

And my response is the same; you're dealing with material conditions that practically force people to abide by TPTB, even if they know it's bullshit. It doesn't help that enough people willfully support a system of debt-slavery, and that even if the current property owners were overthrown, many people would just institute another system of property or power over others along the same lines.

The notion that you can undo the system of debt-slavery by appealing to muh constitution would amuse me, if it didn't carry so much currency with the people. The founders of the United States (most of them anyway, Paine was pretty cool but guess what happened to him) WANTED you to be sheep, to stay in your place and shut up. So long as a system of private property and money exist, systems of debt-slavery and usury are inevitable.

And that gets back to my final point - there are a lot of people who will defend this system to the death, either because they're loyalists to the regime or because they want to institute a similar regime with themselves at the top and fuck everyone else.

Everything you said is ultimately an immense indicator (if not downright proof) that humanity as a whole is simply not ready and not evolved enough to move past its current level of deep slavery.

This is lamentable.

Oh don't get me wrong, I would be happy to fight this system, and I don't believe muh gubermand is too stronk or any such nonsense the liberals put out. I still think there isn't anywhere near the level of commitment necessary to carry out a resistance, and too many people - even rebels - who support the ruling ideology of eugenics. Any resistance would necessarily mean confronting those who are ideologically committed to the system - for example, rank and file fascists which are depressingly common in the US and Europe. There just isn't the stomach to say or do what is necessary to fascists, or even consider the attitude of such. Many who talk about how they're going to resist are themselves sheepish and terrorized, and don't even recognize it.

here isn't anywhere near the level of commitment necessary to carry out a resistance

And therein lies the problem.

Can't really disagree much with anything you've said in this post.

The late Gene Roddenberry got it right. In his "Star Trek: The Next Generation" TV series there is no money. People there are trying to better themselves. Maybe this was restricted to members of Starfleet but it was a grand, and correct, notion just the same.

Agree 100%, sir.

It might be nice to enjoy negative interest rates. Thats what they’re gonna have to do if they don’t want a global economic collapse. Crazy world

Money is debt.

Bitcoin is the opposite

Bitcoin is a literal waste of time, energy, and your actual money. Real money is nothing more than a record of what value your past work is to society, ie what debt society has to you. Bitcoin is a cancer of the mind, a pyramid scheme for people dumb enough to buy into a pyramid scheme that doesn't even pretend to have an actual product.

Keep repeating main steam talking points. I'm sure they have your best interest at heart. Everything you said is wrong but thats okay.

Present your argument or fuck off.

Stay a nocoiner. I don't care

Trying to get rich producing nothing of value is poison to society and the implicit con required to convince new bagholders to buy in is poison to the soul.

Choo Choo hop on or get rolled over. Period. It will take over the world

KYS

Cope

You are the problem.

Deal with it

I am, by letting everyone know exactly how people like you are trying to steal their money.

Yes. The internet stole everyone's fax machine grampa. You're stupid.

When did bitcoin become a physical commodity? A sustained power outage across the globe or targeted EMP and will it survive? Once we live in some VR place sure where it has the same mortality as it’s users. For now it’s a load of 1s and 0s which is vulnerable (albeit unlikely) to the entire chain being “deleted” removed.

It’s not post apocalyptic proof but does make itself more resistant to fraud.

Been ticking for 9 years so far without any downtime.

I’m not suggesting it doesn’t work whilst it works. I’m saying that you need an internet connection and faith that in the middle of a desert or some other non electrical situation your bitcoin is worthless. It isn’t a tangible good or commodity.

The titanic didn’t sink until it sank.

The technology works and works well but only if the platforms are available for users to use it.

In a "emp" + sustained power outage situation do you think your credit card will work? Didn't think so.

I didn’t say anything about credit cards. Bitcoin and all digital as well as paper / fiat currency would fold. I think we are on the same page that the only thing that would survive is tangible commodities such as gold, silver, etc

No. Gold and silver are also retarded in a post collapse situation. What are you? that dude from book of Eli. Are you gonna trade 2 chickens for 5 silver coins? Seriously? No. What will happen is that you'll get shot and the guy will keep his chikens and now has a bag of silver and your wife. Today's humans are not able to live with each other in a lawless world. I don't wanna live in mad max land. I'm talking having bitcoin for a 2008 financial collapse situation. Do you remember? Bitcoin is will not work in walking dead

Fingers crossed we all get along well enough that we don’t need to find out 👍🏻

Agreed

Good thing thousands of people all over the world have a copy of that ledger. I️t can’t be “deleted” lol it’s literally designed so that’s impossible

Makes perfect sense. You can't print a dollar for free. Someone has to own it. Capitalism. The greatest system ever made... bar none.

If the fed creates the money and collects interest on the money created, how can there ever be more money than there is debt?

Let’s say I loan you $100 and expect $300 back. I print $100 but created $200 in debt. So really there’s more debt than money. Think about mortgages. Take out a loan and over the years you pay 3x your principle

Didn’t we just say the same thing

Oh I read your comment wrong. There can’t be. I guess I was explaining what you were pointing out haha.

100% agreed brother. There can’t be more money than debt, crazy huh

Fiat:

An authoritative or arbitrary order

Coming from Roman Law. Rome says it exists, so it does, and will be enforced . All debts are paid in full, and there is a huge difference between public and private debt.

What it boils down to is, are you a public servant or a free, living human being? Do you want privileges or Rights?

I'll leave you all with this: If everyone is a fraudster and thief, is anyone a fraudster and thief? Dem' Federal Reserve Notes in your wallet/purse, are not yours to spend ;)

I think a lot of people are just human, all too human.

I like to see us all as occultists.