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Rumor Mill News Reading Room, Current Archive

Reader: "I have to agree with reader 'T'. The only way to make this equitable is ..."

Posted By: hobie
Date: Wednesday, 13-Jan-2021 05:52:25
www.rumormill.news/95728

In Response To: Reader: "I've got some issues with the whole idea of GESARA. How does debt forgiveness correct anything." (hobie)

(Thanks, S. :)

Reader S. writes:

***************************************************************************

Re: Reader: 'I've got some issues with the who....

I have to agree with reader "T". The only way to make this equitable is to 1) prorate the debt (and liquid assets) of all corporations out to the INDIVIDUAL shareholders, then find the person worldwide with the highest total individual debt (MaxDebt) and forgive him/her that MaxDebt, and 2) Give the value of the MaxDebt in cash to every individual who has ZERO debt, as well as subtracting the held debt of every other individual from the MaxDebt and giving those people the difference in cash. This will of course result in near-instant worldwide hyperinflation with immediate mass starvation followed by decades, if not centuries, of economic misery.

OK. How do we equitably forgive debts of the victims of this modern banking scam, while addressing those individuals who willingly, if not knowingly, spent beyond their means? I can see forgiving the mortgage of a family who arguably has paid off the principal-value on their home that was well within their means at the time of purchase (or the individual who paid off the principal-value on their student loans), but I cannot endorse forgiving the debt of those individuals who effectively are expecting future money creation (aka inflation) to pay their debts for them (while they live in homes, drive cars or cruise around in boats they could never expect to pay for by legitimate means).

I say, value for value if already paid, then all interest cancels. Otherwise, debts must still be paid to the value of the original purchase.

***************************************************************************



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Articles In This Thread

Reader: "I've got some issues with the whole idea of GESARA. How does debt forgiveness correct anything."
hobie -- Wednesday, 13-Jan-2021 05:52:25
Reader: "It's simple really, ..."
hobie -- Wednesday, 13-Jan-2021 05:52:25
Reader: "This whole world economic system is a farce ..."
hobie -- Wednesday, 13-Jan-2021 05:52:25
Reader: "I have to agree with reader 'T'. The only way to make this equitable is ..."
hobie -- Wednesday, 13-Jan-2021 05:52:25

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AN EXPLANATION OF THE FACTIONS