(08-13-2021, 09:31 PM)Anders Wrote: Yes, I learned that money is created as debt. And there is never enough money to repay both the debt plus the interest. And who owns all this debt? Debt to who? It's curious how virtually all nations can have a national debt. It means that there are international bankers at the top of the money pyramid to whom the money is being sucked.
And the vast majority of money is created by commercial banks, not by governments. I think this will change with the introduction of central bank digital currencies (CBDCs). And with automation increasing rapidly there will be the need for a universal basic income (UBI). A UBI I see as a necessary solution that should only be temporary.
I first thought that Bill Gates' idea of a robot tax was good. Then I realized that with a robot tax there will still be only a wealthy elite who owns the means of production while more and more people will have to rely on a UBI. Not good. So what needs to happen in the long run, and will happen according to Ray Kurzweil, is that technology becomes extremely advanced and also dirt cheap, which fortunately is an inexorable trend throughout history. This means that in the future the need for obligatory money can, and I think will be, removed. And soon historically speaking, within just a few decades from today.
Correct - money is a bond / a loan note. It is a credit shifting the pay into the future, because nothing can be payed now.
There is no physical value for it like gold or silver in the past. It is only the believe in a value.
You will find out that money are only bills and no bank notes any more.
Every human being is the creditor and his (juridical) person is the debtor for this credit now and in the future.
The birth certificate is the obligation for this credit.
The credit is not payed back - only the interest for it.
It is not in the interest to pay it back because every state is in a reorganisation bankruptcy. This is defined in the House Joint Resolution 192