Question:
I've been listening to Money as Debt 1-2-3 for, I don't know how many time since I've joined this group now. And There is a part I do not understand.
You know when the guy buys the car and the lady who sold the care gets a check?
They explain "who gets what" out of this transaction.
Well in their explanation, I don't understand how the real wold suffers from it.
How come the money newly created depreciates the value of money?
I don't understand it in english and in french! :/
Thanks!
Printed copy · Anthology Volume 6, page 60Printed copy from The Tender For Law Anthology, Volume 6, page 60 (printed 13 June 2014). Added by this site; not part of the Facebook export.Filter by poster
Read Comments 13
August le Blanc · Bobis Youruncle
It is creating more debt, consequently it has less value as it is increasing the debt”
Because all money is debt”
The bill of exchange - check, creates the credit but when it is exchanged into to money a debt is attached”
It is a bit of a mind fuck reach around”
Printed copy · Anthology Volume 6, page 61Printed copy from The Tender For Law Anthology, Volume 6, page 61 (printed 13 June 2014). Added by this site; not part of the Facebook export.
J.P. Alexander · Jesse Alexander
You have to start at the beginning. Say you have half a cup of money and a cup of debt. When money is created it is essentially creating more debt. So if you create more and more debt or MONEY. MONEY=DEBT.
YOU CAN NEVER DISCHARGE IT. Your half cup of money/value stays at half a cup. But your cup of debt becomes a cup and a half or two cups. Because you're not CREATING VALUE when you create MONEY....
You are creating debt. So yea she got a check. But the cashing or spending it is where the problem is. SOMEONE ALONG THE LINE HAS TO DISCHARGE THE MONEY CREATED. So WHO is left to discharge the debt. Creator? Gone. Signing parties? Gone. So who's surety for the debt? YOU? ME? Well NO certainly NOT ME! BUT WAIT..... MAYBE YOU! I'm positive there is a document out there that shows who the surety is. But I didn't have anything to do with that!!
Printed copy · Anthology Volume 6, page 61Printed copy from The Tender For Law Anthology, Volume 6, page 61 (printed 13 June 2014). Added by this site; not part of the Facebook export.
August le Blanc · Bobis Youruncle
I look at the difference between a credit card and a debit card”
With a credit card you are increasing debt.
With a debit card, you are offsetting debt with established credits in account”
Printed copy · Anthology Volume 6, page 62Printed copy from The Tender For Law Anthology, Volume 6, page 62 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Janick Paquette
So now I understand exactly why it's a good thing to discharge because it reduces debt! Aaaaaaaaaaahh! Such a releif for the brain...Thanks guys!!! :D
Printed copy · Anthology Volume 6, page 62Printed copy from The Tender For Law Anthology, Volume 6, page 62 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Scott Duncan
Just remember: NO debt=NO MONEY.
Printed copy · Anthology Volume 6, page 62Printed copy from The Tender For Law Anthology, Volume 6, page 62 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Scott Duncan
NO MONEY=NO COMMERCE
Printed copy · Anthology Volume 6, page 62Printed copy from The Tender For Law Anthology, Volume 6, page 62 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Janick Paquette
In the current system, that is?
Printed copy · Anthology Volume 6, page 62Printed copy from The Tender For Law Anthology, Volume 6, page 62 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Scott Duncan
Yes.
Printed copy · Anthology Volume 6, page 62Printed copy from The Tender For Law Anthology, Volume 6, page 62 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Scott Duncan
This group will be an ALPHA test of a NEW system.
According to Tara Duncan, my standards are high, and my "alpha-grade" code, is everyone else's production code. I hope she's right.
Natives are watching, and they have NO reason to trust and Admiral holding a Royal Trust, so I have to do actions, not words.
...how am I doing with that, anyway? ;)
Printed copy · Anthology Volume 6, page 62Printed copy from The Tender For Law Anthology, Volume 6, page 62 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Scott Duncan
Natives will learn 2 things from this initiative:
1: What I build, WORKS.
2: White people will fuck that up too.
...and you totally will! I'm counting on it! The hour is late, and you still think wrong, and value the wrong things. I'm going to leverage that, because we need to move, NOW.
Printed copy · Anthology Volume 6, page 62 · cut by a page breakPrinted copy from The Tender For Law Anthology, Volume 6, page 62 (printed 13 June 2014). Added by this site; not part of the Facebook export. A page break in the printout cut off the end of this comment.
Pete Daoust
When you say: I'm going to leverage that
Is that mean you are going to take ADVANTAGE of our wrong thinking, and what we value ?
Sorry, but all these words !!! :/
Printed copy · Anthology Volume 6, page 63 · cut by a page breakPrinted copy from The Tender For Law Anthology, Volume 6, page 63 (printed 13 June 2014). Added by this site; not part of the Facebook export. A page break in the printout cut off the beginning of this comment, with its name.
Janick Paquette
You need to move now, with wrong thinking, wrong valuing people and YOU'RE COUNTING ON IT? :/
I'm lost here!!! :/
Not only do I think wrong I don't understand !
Printed copy · Anthology Volume 6, page 63Printed copy from The Tender For Law Anthology, Volume 6, page 63 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Printed copy · Anthology Volume 6, page 63Printed copy from The Tender For Law Anthology, Volume 6, page 63 (printed 13 June 2014). Added by this site; not part of the Facebook export.
Filter by poster
Read Comments 13
August le Blanc · Bobis Youruncle
Printed copy · Anthology Volume 6, page 61
J.P. Alexander · Jesse Alexander
Printed copy · Anthology Volume 6, page 61
August le Blanc · Bobis Youruncle
Printed copy · Anthology Volume 6, page 62
Janick Paquette
Printed copy · Anthology Volume 6, page 62
Scott Duncan
Printed copy · Anthology Volume 6, page 62
Scott Duncan
Printed copy · Anthology Volume 6, page 62
Janick Paquette
Printed copy · Anthology Volume 6, page 62
Scott Duncan
Printed copy · Anthology Volume 6, page 62
Scott Duncan
Printed copy · Anthology Volume 6, page 62
Scott Duncan
Printed copy · Anthology Volume 6, page 62 · cut by a page break
Pete Daoust
Printed copy · Anthology Volume 6, page 63 · cut by a page break
Janick Paquette
Printed copy · Anthology Volume 6, page 63
Pete Daoust
Printed copy · Anthology Volume 6, page 63