[bamahead]

This is the dark underbelly of the fiat money, borrow and spend economy this nation has been building. As the government takes over more and more functions of the economy many see the rise of socialism as an antidote to this failure of “capitalism”. However, the fact remains that our economy has been increasingly running on debt, not capital. Capitalism does not exist without capital and debt is not, has never been and will never be a form of capital.



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[rabscuttle385]

Capitalism does not exist without capital and debt is not, has never been and will never be a form of capital.

The economy has been running with monetary capital...someone else's excess capital, though. The big question is what happens when that someone either decides to stop lending or becomes unable to continue lending.

[murphE]

bttt