To: drellberg
Money is debt which is being destroyed by paydown and default.
Every dollar of debt destroyed means that 8.65 dollars of money supply are lost due to the reserve ratio.
Things are worsening at a geometric rate.
83 posted on
09/28/2008 4:39:32 AM PDT by
Vet_6780
("I see debt people")
To: Vet_6780
“Every dollar of debt destroyed means that 8.65 dollars of money supply are lost due to the reserve ratio.”
Which means that those such as Dave Ramsey who preach the elimination of personal debt are economic subversives.
109 posted on
09/28/2008 5:32:14 AM PDT by
RKBA Democrat
(Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
To: Vet_6780
Money is debt which is being destroyed by paydown and default. Every dollar of debt destroyed means that 8.65 dollars of money supply are lost due to the reserve ratio. Things are worsening at a geometric rate. I had always thought that dept was money that you didn't have..and to be more to the point dept is imaginary money..(it's not there).IE: IOU..... I'd rather be dept free than be a slave to the lender...
115 posted on
09/28/2008 5:44:22 AM PDT by
Gone_Postal
(We are not interested in the possibilities of defeat)
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