(See. I TOLD you that if I started talking about currencies and interest I would

(See. I TOLD you that if I started talking about currencies and interest I would lose the month of July…. sigh.)

Anyway. I have spent a long time studying disinformation caused by fiat money, common shares, debt instruments, temporal universal redistribution as a replacement for intertemporal kinship redistribution through saving and lending.

So instead of trying to work with (a) what you understand, (b) what you think is useful, and (c) what you think is ‘good’, why don’t we follow Testimonialism and as this question:

“What is RECIPROCAL(Moral), what is CALCULABLE (auditable), and what is TRUE(not false)?”

ok.

Consumer credit capacity is calculable by actuarial tables. Most consumer debt failure is due to intentional hazard creation by credit issuers.

I want to stop this. I know what happens to the ordinary people under this bullshit of offering credit and terms to people who can’t control it, then subjecting them to penalty and overcharge fees, and sending them to credit agencies. And I’ve spent too much time with the canadian and british and german models as well.

Americans are preyed upon, and most will live in old age poverty. And this going to end. Not through some fucking redistribution scheme (new welfare) but through forced saving (singaporean model), elimination of consumer interest on consumption, ending entrapment and punishment contracts (using the european model) – particularly cable and cell phones, restoration of intergenerational support, elimination of fees, consolidation of regulations, and direct distribution of liquidity to consumers.

In other words, no more hazard creation then punishment fees. I am tired of watching ordinary people be the victims of a system that works continually to enslave them and to reduce them to poverty in their old age, destroy their families, destroy their communities, and commit genocide against them.

For those that have asked, it is always possible to add a redistribution to your retirement account or to spend it, or to add it to your savings/retirement account and invest other money.

If you want to make investments, borrow from bank. If you want to consume, that is just a matter of borrowing aginst future taxes and income to consume now, and drive the engine of the economy, and pay later.

What will people REALLY DO? They will live at the limit of their borrowing capacity just as they do now, and liquidity redistributions in times of correction and shock will be used to pay down their debt – completely out of their hands. Which they will then maximize again.

That I know of, only a few of us recommended paying down mortgages to correct 2008/9. What would have been the consequences of paying down consumer (mortgage) debt from the treasury rather than flooding the economy with $X Trillion dollars? What would have happened to the world economy? To jobs, to home prices?

fuk.