All about money creation

[Christophe]

If without doing anything, people have what it takes to survive, I do not see what will motivate them to work / produce.

Uh, how to maintain survival is not the principle of rmi / rsa and all other social minima?

[pb2488]

A little if, and all the other alloc of all kinds also ....
I do not think it encourages people to get up in the morning to work.
For now, it's the bosses who pay for it (in part, the rest goes into debt).

[Obamot]

[...] you should try to repeat what has already been said using other words ... you would look interesting!

[pb2488]

[...] you should try to stop such free remarks, ... you would not look so condescending!

[bernardd]

We are very close to a communist system, it seems to me.

The judgment that kills. As long as you're there, you do not add negationist, conspiracy and other adjectives that help thinking?

What is the most communist?

When the 16 000 billion of money supply and outstanding loans are controlled by a nomenklatura of less than one hundred bank owners, co-opted between them, receive 1 500 billions of euros of currency created per year and 700 or 800 billion of interest, and only finance industrial projects that serve their interests?

Or when the monetary system is organized as a joint-stock company of which all shareholders receive a dividend on economic activity, the very definition of capitalism?

If without doing anything, people have what it takes to survive, I do not see what will motivate them to work / produce.

We are praised everywhere for the interest of micro-credits, which increases individual initiatives: it is only a matter of generalizing individual initiative.

[bernardd]

For now, it's the bosses who pay for it (in part, the rest goes into debt).

And the debt, it directly finances the current bankers: but what work do they do to receive 1600 billion € without compensation?

Once accumulated for dozens of years, they receive the interest on 16 000 billion € in 2010: what work do they do to receive this?

Indeed, those who work feed them, but most of the time without even realizing it.

[Obamot]

What is needed is to find a way for individuals, work and even things to happen: "Do not lose their value", that would implicitly recognize that they have ...! On the side of men, as long as there are still unemployed it proves that this is not the case, since they are relegated to the title of "disposable objects".

The only thing that is not obsolete or disposable is debt. Curious!?

For "Value human capital", in the pecuniary sense of the term, the leaders would have to admit it unanimously. Impossible according to the current "model". They hardly accept it in companies when promoting the "Prevention culture" and even more rarely in "early prevention", than forced-forced by regulations and laws. Only the companies in the top of the basket are doing it. Like Bombardier, which displays on an electronic panel at the entrance to the company, "The record for the number of days without an accident"!
http://www.bombardier.com/fr/bombardier ... 0d8000c405

Because a death or a licensee in a company, it is certainly also a debt, if not of the company itself, de facto to the company!

Culture and semantics? In any case, it enlightens us and gives some lines of thought!
The loss of value is the foundation of a whole part of the system having at both ends of the same tunnel: on the one hand success and on the other insecurity, and therefore to "succeed" oneself it is necessary that d 'others are de facto devalued in relation to their own status. It is probably due to the Judeo-Christian guilt syndrome, which would like us to all be "born culprits", judged before having done anything wrong ... Debt money is that : "If you borrow, it is because the original sin leads you to undertake something, worse to desire: you are guilty, you must pay"... (I'm exaggerating? Do you think so? The proof: when you borrow you are made to pay "interest" => CQFD. Great paradox of the economy based on competition and, in some way, on this curse! debt is pilloried! No one wonders if the money that has been spent has not been used for something useful as an investment in the future: like education or health, even infrastructure We should already sort out "good and bad" government measures and not just between good and bad accounting management.

In the end, those who succeed will have lost (the last will be the first ...)

The system does not want to know the causes (it would admit some error) nor look to the future ....

Obviously according to this paradigm it is very difficult to implement an alternative system where one would not be judged, nor obliged to work! Even if strongly encouraged .. starting by teaching the virtues of health work, already in class, which is rarely done since the purpose of the school is univocal, that of directing students to the world ... of work-constraint and ... neuroses.

This especially as pecuniary valuation is it too - at the origin of other types of neuroses! Look at the sad picture of those who have "succeeded" and who end up in drugs? Or who are led by burnout ...

"Work can only be pain, since you earn money!"

[pb2488]

What is the most communist?

When the 16 000 billion of money supply and outstanding loans are controlled by a nomenklatura of less than one hundred bank owners, co-opted between them, receive 1 500 billions of euros of currency created per year and 700 or 800 billion of interest, and only finance industrial projects that serve their interests?

Or when the monetary system is organized as a joint-stock company of which all shareholders receive a dividend on economic activity, the very definition of capitalism?

Sorry, I still do not follow you ...
Bank owners control the money supply? Who are these 100 owners? It is not the shareholders who own the private banks? It is not the central banks that set the key rates?

Moreover, in the US, the state still has the right to beat its currency. However, it is one of the most liberal countries and their problem with the public debt is the same as ours. I do not believe that monetary sovereignty is a solution.
In my opinion, this point is only a demagogic electoral argument (see Mélenchon and the FN).
The solution to the debt is the reduction of deficits. It's like a household or a business ....

[bernardd]

Sorry, I still do not follow you ...

It is necessary to work and to check by oneself, it is the base of the democracy.

Bank owners control the money supply?

And yes, they create money by the credits they give to whoever they want.

A concrete example of their discretion has been made visible in Iceland.

Who are these 100 owners?

Another subtle distortion, I didn't mention "100 owners". But you should ask the Bank of France or the ECB, they are the ones who have the list.

It is not the shareholders who own the private banks?

There is a difference between having control and owning an action.

It is not the central banks that set the key rates?

It's possible, give us the text of the law. And what is the link between the key rate and the creation of the official currency by credit?

Moreover, in the US, the state still has the right to beat its currency.

It would be nice to bring evidence of that. To my knowledge, dollars are also created by credit.

However, it is one of the most liberal countries

It would be nice to bring evidence of that. Invading other countries is not really a sign of liberalism.

The solution to the debt is the reduction of deficits. It's like a household or a business ....

You must be mistaken about the subject, we talk about the monetary system on this thread, no state debt.

[Obamot]

I would like you to make point_par_point on my last six posts. It would help to understand and continue in a construction path (rather than responding to a conservatism disguised as a protest )