What do my fellow Jow Forumsnessmen make of this?

Interesting stuff, it must have been obvious from the very start that such a debt-based money system is not sustainable in the long run. But I suppose they just wanted it to be sustainable for long enough to be able to hoard a whole shitload of valuable assets and leave everyone else in the dirt holding worthless paper bills. Every dollar is created as debt, so even if we could pay back the principal amount, where does the money to pay the interest come from? It doesn't exist.

I'd wondered about that since I was a kid. I'm trying to recreate the same chart for Australia

Genuinely interesting topic. Here is the chart from the article.

Attached: Diminishing Productivity of DEBT (2).jpg (1362x825, 148K)

That we are getting fucked in the a by the powers that be

I wonder what arguments were originally used to pitch such a system to the people. It's become obvious that this debt will absolutely never be paid off, most nations are just barely managing to pay the interest.

I agree.

Why do we keep trying to prevent the deaths of hundreds of millions of people who will be nothing more than a burden to us should they live?

>Every dollar printed is loaned to the US gvt and must be repaid with interest.

>Every dollar issued instantly becomes debt that must be repaid with interest.

>The debt can never be repaid.

Why did they think this would be sustainable?

I don't understand how there can be more debt than money.

I am the Federal Reserve.
I lend you $100 which is all the money in existance.
You need to pay me back $110 in total due to interest.
Where do you get the $10 from?

There's vastly more debt than money. It's not only the Fed that's creating new money as debt, it's every bank. Banks only have to keep 10% of the money people have deposited there, they can freely lend out the other 90%. And then when they do, then the obligation to pay the debt back becomes an asset in itself, and they can loan out 90% of that and on and on. This system is called fractional reserve banking.

For example, if I deposit $1000 in a bank, the bank can loan out $900 of that. When they do, they've just "created" a $900 asset for themselves, of which they can loan out $810 and so on. No actual money to pay most of this back exists. And this is without even taking interest into account. The boomers pulled a fast one on us and our generation is the one who will have to start sorting this shit out sooner rather than later.

The debts being unable to be repaid is by design, lmao. It is highly profitable to trade boom and bust cycles, the fearful voluntarily give you everything heavily discounted and the foolish are willing to buy everything at inflated prices.

>it's supposed to collapse, bro
This is basically like the difficulty bomb on Ethereum, except we can't keep postponing this forever.

As long as debts are somehow forgiven (since they can't be paid back) and people forget/go along with it, it will continue to be postponed until something objectively absolute asserts itself over the fictional system.
The boom and bust cycle is definitely deliberate, and it is to secure as much wealth as possible before an absolute financial system arises.