131012 JUST
DEFIANCE My G+ Comments On “Interest And The US Government Default”
Edition
"Way out of my depth economics" of mine here, nevertheless......
Atheism
Alan Williamson
Discussion -
Yesterday 10:47 PM
#Shutdown
Why aren't
Republicans more frightened of a shutdown and a default? Part of the
reason is magical thinking
[Video]
Christian delusions are driving the GOP insane
http://www.salon.com/2013/10/10/christian_delusions_are_drivin
My thinks after not watching the
video....
I don't know
much about these macro economic factors, but isn't a lot of
"international debt" interest?
Poorer nations in
the recent past, which have defaulted, or refused to pay the
international debts they'd accrued, when lured by the IMF or the
World Bank, etc., to borrow for major infrastructure projects, which
as often turned into terribly bad investments, stopped paying the
debts, because they were never going to be able to pay them off,
mainly because the interest was all they were ever actually paying
back. Never the principle of the loans.
So how much of
these US "debts" consist of "interest" and will
any nation, perhaps more so the USA, for it's huge, and I must say,
excessive MAXIMUM CONSUMPTION running costs, bills and loans, ever
actually be able to clear their accounts, by paying it all off?
And, to whom,
does the USA owe these trillions? Quadrillions?
Whomever, there
is the extremely bad concept, the very bad business practice, of
"interest" involved, making a very small clique of elites,
bankers and corporations wealthy off the outrageous interest charges
on borrowers.
The questions of
the veracity, ethic and immorality of interest, gets ignored in all
banking transactions, from us little borrowers to major governments.
Yet all wise
economics, and economic science, shows beyond doubt that interest -
"usury" - is one of the most evil ways to profit.
But hello? Not
one of the national leaders, banks [of course] or major influential
organizations, the UN, the ILO, World Bank, or, hahaha, the IMF, or
any others, dare mention this proven fact, of the evil of usury, and
none take it on as perhaps, the thing most in need of either reform
or complete eradication?
So, the
Republicans would know well this fundamental stupidity-cum-evil in
such large economics, as do the Democrats.
Why then, does
neither of them make that point?
How many of the
western nations, on the brink of economic default, such as Spain,
Italy, Greece, Ireland, etc etc., would have gone under if interest
was not such a burden?
I'd guess a
hazard and suggest that were Congress or whichever, to bring this
gaping hole in fiscal policy to the fore of the debate, and demand
reforms to the whole of the world's banking laws and charters, to
eliminate interest, at least to realistic, not-for-profit alone
charges, covering accounting fees, etc., the only result would be
benefits to everyone. Except the psychotic bankers et al??
If 3rd world
nations could simply stop paying their loans, to the global banking
sharks, and still remain functioning [no doubt other arrangements
were made], is it not possible for the US government, everyone's
[fucking psychotic] big brother, to Man Up, in both the Senate and
Congress, and in the White House, ET cetera., and take on this
bullshit of endlessly unrepayable debt interest, by ordering the
world to CHANGE! YES WE CAN!
Or.., something?
:]
Sorry Alan? i
guess I'm off topic there. I don't watch the videos, merely for the
data charges down under.
And, I have no
doubt, the christians are driving the whole world insane, and quite
possibly very deliberately, reducing the world to their level of
stupidity, thus, my theory, making some puppet, some false prophet,
they build, [?] to appear as an extwemely wise wabbit!
JUST
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