We could wipe aside all accrued interest. Pay the principle...
Why would you repay the principle? It's not even repayable, on purpose, that's the whole idea, nobody expects the principle to ever be repaid, it's the interests on the principle that they are after, as long as those are served they're happy, that's how it works
Every $ has been created out of a $*0.9, you can't repay your $ debt with $ https://pic8.co/sh/GE7NQE.jpeg
accurate. every dollar printed is done so with debt already attached. it's impossible (by design) to ever repay the principle, since every time you print you actually make more new debt than what was just paid off and as indicated in the graph above the purchasing power of the new money is dropping.
another aspect of this the masses don't understand is the Cantillon Effect. basically once the money is printed its not distributed evenly so the effect of the new surplus of money aren't felt yet, so those closest to the money spigot (think of the largest banks and companies that got a "bailout") they can use the newly printed money to buy up assets at their current, un-inflated price with free money. which is why you say large institutions buying up housing during the pandemic.
it's beyond fucked and it's purposeful that the average person has no fucking clue how it all works...because they're being financially raped.
I was very imprecise. The point being, there are many lenders out there. Are credit unions and all the wealth of their members to be destroyed too? My comment was to imply there is legitimate debt out there. Obviously, I don't care of the fedres and it's backers get anything other than a noose.
It's too bad for them, and I mean it
A debt denominated in dollars... Or any (((fiat))) you can think of such as, euros...
Those fiats are backed by debt, defaulting on the debt would effectively multiply the fiat itself by zero
Destroying everyone isn't exactly healthy nor beneficial.
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