DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Where has all the money in the world gone?

**Nemerov** · 06-11-2012, 05:58 PM

That is not the way the 1099OID people have the system figured out. Bankers may handle money but they don't create it and (other than salaries and bricks and mortar) they really don't spend a lot.

If what you are suggesting is true then there is no defect by design and everything is proceeding as intended.

There is no law requiting bankers to spend the interest money they collect. They do withhold spending to create deflation when that is what they want.

What I'm saying is the system works perfectly well, but there are people who can't understand that money is a thing and spending is an action done using money.

You may be confusing that part of every payment goes towards paying a portion of the principal and in the case of expanded checkbook money that portion is erased off of the bankers ledger (goes back to money heaven). However the interest portion stays in the system because the banker spends it.

As far as your note that bankers don't spend much, you must not have looked at the figures for their donations to O'Bomney.

06-11-2012, 05:58 PM	#15
Nemerov Join Date Oct 2005 Posts 456 Senior Member	That is not the way the 1099OID people have the system figured out. Bankers may handle money but they don't create it and (other than salaries and bricks and mortar) they really don't spend a lot. If what you are suggesting is true then there is no defect by design and everything is proceeding as intended. There is no law requiting bankers to spend the interest money they collect. They do withhold spending to create deflation when that is what they want. What I'm saying is the system works perfectly well, but there are people who can't understand that money is a thing and spending is an action done using money. You may be confusing that part of every payment goes towards paying a portion of the principal and in the case of expanded checkbook money that portion is erased off of the bankers ledger (goes back to money heaven). However the interest portion stays in the system because the banker spends it. As far as your note that bankers don't spend much, you must not have looked at the figures for their donations to O'Bomney.
	Quote