The division between the rich and the poor cannot be equitable because the very purpose of the money system is in the 180° opposite direction, so‭ the system is claiming something‬ like saying – “well, we’ll lower the temperature by raising the heat.”‭ Hahaha, dhuhhhh.‬You can’t add by dividing, kids.‭ It cannot work. It’s a con (assuming the bankers aren’t entirely gonzo).

‭In an economic system, where fiat money is fictional (presumably it’s “credit” but …) as production and commodities impacts the available money, it forces workers’ costs lower (surely!), while the profit of the others, — the “investors” and “bankers” who demand ever larger “interest” rates (un-like normal production, mind you) — increase inevitably towards infinity. Neither Zero nor Infinity are actually attainable, so there is always incremental wiggle-room for “growth,” or the inevitable fraud, in a fiat money system (heard of bailouts anyone?). The net result is . . . uhh . . . the poor get poorer and the rich get richer, but — and it’s a BIG but — the gulf between the two invariably grows constantly larger. ‬It’s magic.

And that’s the problem. While people assume there is always the occasional glitch and the odd problem, they continue to claim that “progress” always will make it better. But it’s not. It doesn’t. Ever. It’s infinite.

As Robert Reich was saying, the money system is a sewer: “The problem is that the old economy was built on sand”.
http://robertreich.blogspot.com/2009/07/when-will-recovery-begin-never.html?ref=patrick.net
And he’s right. But I have seen his articles, his blogs, his web site, his books …. and I have never found the slightest notion that he might focus on the SOLUTIONS rather than the PROBLEMS. So the system is locked in — infinite.

So the problem, to me, seems to be about the humanity of people and the endless/infinite divide between rich and poor, because that’s what it is : perptual. I have studied money systems for 7 years, stretching over the past 5000 years of history, and it seems clear that every empire has always found a better shill, or a better trick to con humanity. What kind of contorted ghoulish humanity can possibly come of that?

BoB

** “California Twister” – simply “reengineer” the Japanese-style loan product into a “four-generation, 120 year mortgage.” For the most hardcore and stubborn situations (or for those who wish to take on a home price to income ratio of at least 20:1), just utilize the “California Twister-II” (a five-generation, 150 year mortgage” instead). See, that wasn’t difficult to effect — now was it?

- Joe and Jane figure out that paying the mortgage on a house that’s worth less than their home loan is financial suicide.

- Joe and Jane leave the keys in the mailbox and walk away from the house.

- Multiplying the Joe and Jane foreclosure scenario, 45 million times the median home loan cost of an American home and, oh boy… no government could ever back up that many foreclosures, let alone print that much money.

Please don’t tell Joe and Jane they can oh so easily walk away from their home.

Convince them that their credit score is far too precious, compared to losing tens of thousands of dollars on that thing they once called an investment (seriously overpaid framed wood and sheet rock at this juncture).

Tell them that losing money on a mortgage will never compare with the pride of home ownership! And since they are just a job loss or a health care crisis away from financial ruin anyhow…why not tough it out and lose any savings they might have on their home sweet home. (which is going to be foreclosed on anyhow?).

But no worries, Americans are too dumb to figure that out. Ignorance is bliss…