Could this be the option to "save the world?" The conclusion is as follows:
Is momentum growing for debt repudiation?
The most cynical (but not necessarily inaccurate) view of debt I've seen is that banks loan out imaginary money they don't really have, which was "collateralized" by capital they did not really have, based upon central bank printing presses which create money out of thin air which they don't really have. But then when debtors have trouble repaying onerous loans, the bankers seize real assets. See this and this.
In other words, according to the most cynical view, the entire debt-money system is a scam ... and should be repudiated.
The most cynical (but not necessarily inaccurate) view of debt I've seen is that banks loan out imaginary money they don't really have, which was "collateralized" by capital they did not really have, based upon central bank printing presses which create money out of thin air which they don't really have. But then when debtors have trouble repaying onerous loans, the bankers seize real assets. See this and this.
In other words, according to the most cynical view, the entire debt-money system is a scam ... and should be repudiated.
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