- Lionel Leigo
- Dubbo
- Australia
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How to pay it all back?
The national debt of many countries has risen to astronomical levels, with debt to GDP percentages rising ever higher, can it ever be paid back?, if so, how?
Is there other ways out of this monstrous debt?
I , personally feel that a first step should be the prevention of printing more paper currency, and the people having a say in the decision making process.
Shelby See
John Gianino
Krisztián Pintér 200+
http://en.wikipedia.org/wiki/Current_account
i have the impression that you spend a whole lot more time writing than reading
Random Chance 30+
So don't worry about it.
Get rid of the monetary system. Let it die. Hope it does die.
Implement a fair, just system in its place that doesn't need crime, greed, inequality, poverty, slavery, war and death as its nourishment for survival.
That is an unjust, corrupt system that can never be made just, and.....
Certainly those are not the needs of everyone on earth.
Nothing costs money. Everything costs people.
TED Lover said it! "We need more people willing to..............."
It is us/US, people, the world over who get things done. It isn't money.
Things don't.........."get done".............because of money.
Things................don't get done".........because of money.
By getting out from under the monetary slave system, and also not accepting the new currency system that will be offered, after those in power completely destroy it anyway, just so they can offer you their "new and improved" one,
will give humans back their power.
This will happen because once it collapses, those in power will only be able to maintain their status and positions IF, humans once more accept a monetary system. Don't, and the power is yours.
There is a solution and that is it. No money. All Human Needs, become Universal Human Rights, provided freely by automated systems that are what technology was originally intended for. To ease human labor, provide more comfort, leisure, safety, and increase the intelligence of the masses. It wasn't meant for putting people out of work, pitting them against one another for survival, globally.
Without money, humans can properly, intelligently, wisely, and prudently manage the resources of the earth, which are currently being mismanaged, abused, wasted and controlled by those who do so for profit (money) and power (politics). So it is clear humans do not need money nor politics, politicians, bankers, stockbrokers, financial institutions and so on. Thus, can humans create, build, grow and maintain without built-in obsolescence
Gail . 50+
We don't need more dollars invested in education. We need more people willing to educate themselves in spite of the horrors that they will see when they use the Internet to find out what has been done to them (and that through their votes, they supported without knowing that they were damning themselves).
I see the only solution that I have been able to conceive of as being a growing but still very small minority whose view is angrily rejected without any interest in understanding it.
Thus, the solution lies in the hands of you and me, who will be powerless for as long as we believe that ignorance is strength.
Lionel Leigo
I understand that if this finance is ever going to be paid back, then future generations will be severly affected, this means that my children (and theirs) may become enslaved in the country of their forefathers. (to be dramatic)
Should we be looking for the solution to end this debt roller-coaster in our lifetime ?(next 50 years), or is that just not possible?
Is there a solution?, or are we sooo deep, that the only way out is that there isnt a way out?
I understand that as individuals choose, this is their choice, credit, loans, borrowing en masse. But is there a viable alternative to keeping this inflated lifestyle/standard of living to which we have become so addictively accustomed ?, or Does it all have to go, end, shut it down?,
The other part is---------------- Where did all the borrowed money come from?------
Krisztián Pintér 200+
it is less important where the money comes from. money in today's world can be created at will. it is just playing with numbers. what we need to care about is stuff. new money buys stuff, so the "winners" in the money creation game also gain stuff. not as much, but some. probably not a perfect measure, but maybe this map gives you a hint:
http://en.wikipedia.org/wiki/Current_account
Gregory Pipkins
Maybe a TED TALK DISCUSSING GLOBAL BANKING issues and related topics is a good start :)
Krisztián Pintér 200+
you want people to have a say? they do have a say. and they are quite okay with things as they are. sure, they didn't want the recession. but spending money like crazy on debt? emptying the credit card, and applying for a new one? hell yeah! give me one more beer!
ZX Style 10+
Nearly 1/3 of all of our tax money is put into the national debt (holland).
And still our debt is growing like a mountain.
This means there will be less money for education each year.
I don't see how we will be able to pay this back.
Even with the upcoming cutbacks the debt will continue to grow.
I would love to be a dictator right now and reduce that debt.
But the most sad thing is that we allowed this year after year.
Because we and our parents thought, another generation is going to pay for it.
Eventually our children will pay for it, but in a different way.
Our kids cannot go to school because all their tax money is going to debt instead education.
Politicians are fond of making laws and restriction their citizens.
I would love a law restricting politicians spending more then we have.
Because if we had no national debt, we wouldn't need cutbacks.
The 1/3 wasted money could be put into things that matter, like the best education of the world, or the best healthcare of the world.
Casey Christofaris 10+
Shelby See
Casey Christofaris 10+
Shelby See
Krisztián Pintér 200+
Casey Christofaris 10+
But if you really want to do some good try this; but Shelby I dont think you care enough to end poverty
We can end poverty with $100,000. Do you think this would end poverty? So the fundamental part of Capitalism is that people have to make less money so other people can make more. This can be seen in today's current economy as the 99% vs. the 1% in America. What most Americans don't realize is that the 99% of Americas are also in the top 1% of the world.
Because I am able to run my business in a free market, my plan isto limit my employee’s salary, as well as my own, to an amount no greater than $100,000 per year for life. I already have 3 business ventures that I am currently working to get off the ground. These businesses are as follows; One in Marketing, one in 3D printing, and one that can be best described somewhat as a Jiffy Lube for nail salons. As I’ve previously stated, my employee’s and I will never make more than $100,000 a year in income. Furthermore, I plan to automate the jobs completed by my employees and create machines that will complete the work for them. However, I will still pay them their annual salary. I will be able to accomplish this with the capital received from the automated services my businesses will provide. As an employer, I don’t really care who or what does the work as long as it gets done. With the future IT companies I plan to establish, I will be able to spread Wi-Fi coverage to everyone in the country, cheaper than it’s already being done. In addition, I will also have the ability to offer more coverage in more places. I will show those employees how they can outsource their job to 3rd world workers, where they can basically double that person’s income by only paying them a tenth of what I plan to pay my employees.
Casey Christofaris 10+
Once I educate my employees on how money actually works, they will realize it is a juggling act and my enterprise will be the ultimate juggler. This will also allow the removal of government welfare programs, thus lowering everyone’s tax rates. This will be effective simply because I will be paying people for doing nothing. From then on they can volunteer or spend their time completing more hospitable and fulfilling activities while having job security.
If 25% of the world companies and charities used this model instead of our current model how fast do you think we can end poverty?
I had to loose everything by my own choices, freely and willing to know that this is bigger then me, otherwise I could retire in pegnam, Maylasia tomorrow for less the my house and cars payments
Casey Christofaris 10+
pat gilbert 50+
Casey Christofaris 10+
pat gilbert 50+
Casey Christofaris 10+
edward long 100+
ZX Style 10+
But there is not enough gold in the world to cover this i guess.
Also the gold prices will skyrocket, not that i mind, cause i want to go into the mining industry.
edward long 100+
Daryl Roche
edward long 100+
Daryl Roche
edward long 100+
Krisztián Pintér 200+
pat gilbert 50+
Some say the conspiracy is to create a new world currency that will buy the Euro and the Dollar at less than face value. So the holders of the fiat money would simply lose.
I'm not sure there are people persistent enough and smart enough to do this as it takes centuries. On the other hand I see enemies of the people like George Soros, Prescott Bush who was found guilty of financing Hitler, Woodrow Wilson and all the crap he pulled and I say hmm maybe?
ZX Style 10+
pat gilbert 50+
My point is that the natural tendency of a democracy is to continue to vote for more free stuff as if you live on the dole anyway why not get more free stuff.