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According to some "red pill" internet films (like "Zetigeist Addendum"), money is creayted as debt. Or money and debt are sort of equivalent. Every existing dollar (in paper or electronically) is manifestation of debt - it is owned to someone by someone. Even every dollar from government's "coffers" is exchanged from a Central Bank for government's bonds. If all debts were returned somehow, there would be no dollars existing.. provided that no interest rate is charged. And with the interest rate... there is not enough money around to return the debt. Cancelations and foreclosures are guaranteed.
by das monde on Wed Dec 17th, 2008 at 05:12:21 AM EST

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