Jubilleu
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Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created. For every 1$ banks can lend out 9$. So if usa debt are now 38tril.... then only 10%-15% are real money. Can you explain better? I have against how the government makes fiat to be like scam and I do not like inflation, but I do not condemn that debt is real because they are actually real. If you think debt is not real, go and borrow $1000 and pay back just 10 to 15% of it which is $100 to $150 and let us see why you said that debt is not real. I don't think that's what he meant by saying that. One can't possibly think that the money you borrow and have to repay isn't real because you get real money, so you have to pay it back, obviously, and then you will also have to pay back a percentage of that as interest because the entity or individual have given you their money so that you can get your work done at that time, and they will surely take some service charges for it. So, I don't know in what sense OP has said that debt is not real, because it surely is, it is just that the amount you take is not the amount you are going to give back, it will be a higher amount than that. A fake debt could be a debt that is put on someone by force, or maybe forced interests on a small loan, but this doesn't happen, because there could be legal consequences if a firm or a company, or even a bank, tries to put illegal or irregular interests on a loan that has been given to a customer. So this concept of fake debts is actually out of my understanding and OP definitely needs to explain what he is trying to say and prove with his thread because we are unable to comprehend his points on this matter.
Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created. For every 1$ banks can lend out 9$. So if usa debt are now 38tril.... then only 10%-15% are real money. Can you explain better? I have against how the government makes fiat to be like scam and I do not like inflation, but I do not condemn that debt is real because they are actually real. If you think debt is not real, go and borrow $1000 and pay back just 10 to 15% of it which is $100 to $150 and let us see why you said that debt is not real. I don't think that's what he meant by saying that. One can't possibly think that the money you borrow and have to repay isn't real because you get real money, so you have to pay it back, obviously, and then you will also have to pay back a percentage of that as interest because the entity or individual have given you their money so that you can get your work done at that time, and they will surely take some service charges for it. So, I don't know in what sense OP has said that debt is not real, because it surely is, it is just that the amount you take is not the amount you are going to give back, it will be a higher amount than that. A fake debt could be a debt that is put on someone by force, or maybe forced interests on a small loan, but this doesn't happen, because there could be legal consequences if a firm or a company, or even a bank, tries to put illegal or irregular interests on a loan that has been given to a customer. So this concept of fake debts is actually out of my understanding and OP definitely needs to explain what he is trying to say and prove with his thread because we are unable to comprehend his points on this matter.
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TobiasOLoko
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Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created. For every 1$ banks can lend out 9$. So if usa debt are now 38tril.... then only 10%-15% are real money. Can you explain better? I have against how the government makes fiat to be like scam and I do not like inflation, but I do not condemn that debt is real because they are actually real. If you think debt is not real, go and borrow $1000 and pay back just 10 to 15% of it which is $100 to $150 and let us see why you said that debt is not real. I don't think that's what he meant by saying that. One can't possibly think that the money you borrow and have to repay isn't real because you get real money, so you have to pay it back, obviously, and then you will also have to pay back a percentage of that as interest because the entity or individual have given you their money so that you can get your work done at that time, and they will surely take some service charges for it. So, I don't know in what sense OP has said that debt is not real, because it surely is, it is just that the amount you take is not the amount you are going to give back, it will be a higher amount than that. A fake debt could be a debt that is put on someone by force, or maybe forced interests on a small loan, but this doesn't happen, because there could be legal consequences if a firm or a company, or even a bank, tries to put illegal or irregular interests on a loan that has been given to a customer. So this concept of fake debts is actually out of my understanding and OP definitely needs to explain what he is trying to say and prove with his thread because we are unable to comprehend his points on this matter.
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fernandelas
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Debt not real since there never borrowed real actual money on banks only small % of real money but the rest is just debt of air created. For every 1$ banks can lend out 9$. So if usa debt are now 38tril.... then only 10%-15% are real money. Can you explain better? I have against how the government makes fiat to be like scam and I do not like inflation, but I do not condemn that debt is real because they are actually real. If you think debt is not real, go and borrow $1000 and pay back just 10 to 15% of it which is $100 to $150 and let us see why you said that debt is not real. I don't think that's what he meant by saying that. One can't possibly think that the money you borrow and have to repay isn't real because you get real money, so you have to pay it back, obviously, and then you will also have to pay back a percentage of that as interest because the entity or individual have given you their money so that you can get your work done at that time, and they will surely take some service charges for it. So, I don't know in what sense OP has said that debt is not real, because it surely is, it is just that the amount you take is not the amount you are going to give back, it will be a higher amount than that. A fake debt could be a debt that is put on someone by force, or maybe forced interests on a small loan, but this doesn't happen, because there could be legal consequences if a firm or a company, or even a bank, tries to put illegal or irregular interests on a loan that has been given to a customer. So this concept of fake debts is actually out of my understanding and OP definitely needs to explain what he is trying to say and prove with his thread because we are unable to comprehend his points on this matter.
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by 749 people