DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - outstanding interview w/ mike maloney on banking, money and taxes!

**pKgGpUlF** · 10-27-2011, 04:27 AM

So your analogy wasn't based upon real-life in America today, then was it?

What you used as an analogy would've been more appropiate to understanding how a debt-free monetary system would work. ie the money circulates virtually foever, from person to person to person without ever being extinguished by any of the parties using it to pay off the principle of a loan.

It seems that these illustrations have to be exceedingly simple for simple minded people and even then they are not simple enough for some JOE.

The principal that is extinguished is no longer needed to pay the remaining portion of the loan. Especially a real world fractional reserve loan.

10-27-2011, 04:27 AM	#14
pKgGpUlF Join Date Oct 2005 Posts 547 Senior Member	So your analogy wasn't based upon real-life in America today, then was it? What you used as an analogy would've been more appropiate to understanding how a debt-free monetary system would work. ie the money circulates virtually foever, from person to person to person without ever being extinguished by any of the parties using it to pay off the principle of a loan. It seems that these illustrations have to be exceedingly simple for simple minded people and even then they are not simple enough for some JOE. The principal that is extinguished is no longer needed to pay the remaining portion of the loan. Especially a real world fractional reserve loan.
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