How come everyone is in Debt - People, companies, governments.
EVERYONE AND EVERYTHING IS IN DEBT!!!!!
Have you ever wondered how can that be? who are we in debt to?
The answer is quite amazing really - However, my take on it is that we are all in debt to ourselves. One man's mortgage (promise to pay) is another man's pension.
The really amazing part is that the banking system gets a slice, no matter what happens - and so they increase their share of the "value of the world".
However there is only a finite "value of the world" in the absolute currency of the item (e.g. 1 bridge = 1 bridge, 10 houses = 10 houses)
Of course, the world value increases if we build more things - like houses etc.
But, IMO, we have reached a point where the banking system (on paper), now has the legal rights to more "promises of world value" than there is "World value to give".
Where we go from here is the most interesting event for mankind.
It is the whole basis from which Gordon Brown stands.
If vested interests e.g. media and banking are against GB, then maybe we should try and understand why.
It may be that GB is more of a hero than you realise.
EVERYONE AND EVERYTHING IS IN DEBT!!!!!
Have you ever wondered how can that be? who are we in debt to?
The answer is quite amazing really - However, my take on it is that we are all in debt to ourselves. One man's mortgage (promise to pay) is another man's pension.
The really amazing part is that the banking system gets a slice, no matter what happens - and so they increase their share of the "value of the world".
However there is only a finite "value of the world" in the absolute currency of the item (e.g. 1 bridge = 1 bridge, 10 houses = 10 houses)
Of course, the world value increases if we build more things - like houses etc.
But, IMO, we have reached a point where the banking system (on paper), now has the legal rights to more "promises of world value" than there is "World value to give".
Where we go from here is the most interesting event for mankind.
It is the whole basis from which Gordon Brown stands.
If vested interests e.g. media and banking are against GB, then maybe we should try and understand why.
It may be that GB is more of a hero than you realise.
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