Quote:
Originally Posted by Acrylic-bob
I came across a good wheeze the other day. Have you ever heard of Hypothecation?
This is only a tiny part of what has been going on and is still going on. Sooner rather than later in this game of pass-the-debt-parcel the music is going to stop.
Maybe it will be the market reaction to Thursday's summit that will stop the music. Who knows?
But whatever it is, the consequences will be catastrophic and global.
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Surprisingly it is something I had heard of -a similar theory is explained in the Zeitgeist documentaries in the part about global finance.
If you know how to play Monopoly and have played it to death, you will have worked out that re-mortgaging your properties for a quick fix to your finances might work short-term, but in the long-term it's the way to lose the game...unless you are one of those "jammy" players who always throws a 6, has get out of jail free cards and gets past GO!
So it's all a financial merry-go-round, until it stops and everyone falls off!
You can have as much gold as you want to back up your loan system and print off as much "new money" as you like to make it seem like things are going well. At the end of the day it's a lack of resources and production which matter.
The old triangle, with solid manufacturing for wealth production as the base, has been turned on it's head and is about to topple over.
Will we go back to barter do you think - or as they propose in Zeitgeist an end to a monetary system and a utopian world where everyone can use the resourses and technology available and live a perfect life?
