Will our debt based, fractional reserve banking economy collapse?

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  1. Sam Wickstrom profile image92
    Sam Wickstromposted 23 months ago

    Will our debt based, fractional reserve banking economy collapse?

    What do you think? If it will collapse, when(within a decade)?

  2. claptona profile image81
    claptonaposted 23 months ago

    https://usercontent2.hubstatic.com/13289629_f260.jpg

    You can bet your house on it, Sam.
    Never in the history of mankind has a civilization lasted after deserting sound monetary policy.
    Will it collapse in a decade? tough for a time frame.
    I've been watching the abysmal policies of the U.S. and the FED since the 70's, and I didn't think they'd get away with the con this long.
    I know it my lifetime, things will get worse. I"m 64. Will it collapse before I die?
    I'd like to see that, but it's amazing how long government's can con citizens. Even with all the knowledge that's available, most don't see any of this as a problem.
    But, it will eventually collapse, and it will be gargantuan in scale the suffering that will occur.
    Your generation will take the biggest hit. You'll never recover, in your lifetime, from the coming collapse. (Unless you're invested on the right side of the debacle! )
    Cheers

    1. Sam Wickstrom profile image92
      Sam Wickstromposted 23 months agoin reply to this

      I'm actually frightened and I'm allowing that fear to drive me towards solutions and spreading the word to the oblivious people of my generation. I can see the madness of our materialistic consumption driving us further towards the precipice

  3. Ceegen profile image81
    Ceegenposted 23 months ago

    Money is merely a concept or idea, used to put a value on physical things. It works because it is convenient. It allows for specialists in a field of study or trade, to exchange their money for other things that they would not have time to otherwise invest in.

    But when you allow a group of criminals to hold the power of money under the force of law by a government, and that government is dependent upon the money supply to sustain itself, then it only becomes a matter of what and when they want to happen. They who hold the debt decides when it collapses, and it will not until they have measures in place to take up the slack. Most of those measures are already in place with the internet, as nations slowly move away from physical money to digital money.

    The real question is what happens if you become an enemy? What if you said or did something they didn't like? It is much easier to seize your funds digitally than physically.

    You won't be able to buy or sell. Does that sound familiar?

    A book I once read said something about this happening, nearly 2,000 years ago.

    1. Sam Wickstrom profile image92
      Sam Wickstromposted 23 months agoin reply to this

      I've noticed the familiarity between biblical prophecies and what's going on now. But systems of debt and worthless currency have ended multiple civilizations before us(roman empire) etc. But now it seems we're really jumping off the edge entirely

    2. Ceegen profile image81
      Ceegenposted 23 months agoin reply to this

      There is something different about now, than before:  Rome wasn't meant to collapse. Everything now is set up to fail, for the express purpose of rebuilding it "better" -- With more controls, laws, penalties. To make us slaves.

  4. jonnycomelately profile image81
    jonnycomelatelyposted 23 months ago

    An interesting follow-up question:  what are individuals doing in order to buffer/protect themselves when the inevitable happens?

    Now at the age of 75, will it happen in my lifetime? What do I need to give up in order to weather the storm? 

    Further questions: which habits are driving us down that slippery slope?  Fear of being hungry?  Fear being different/alone/ostracised?  Fear of pain?  Being too cold, too hot?  Fear of being dead?  And what might happen to me after I am dead?

    Trying to avoid or alleviate these and other fears creates destructive and selfish habits designed to make me feel more comfortable, while denying the ramifications of my selfishness.

    Personal honesty can lead to better understanding with better outcomes.

  5. Sam Wickstrom profile image92
    Sam Wickstromposted 23 months ago

    I agree with everything you said, and the follow up questions are along my line of thought. Its not even a question of when or if it will happen necessarily, but whether or not myself and the people around me are prepared, or even aware of what we're doing. and to answer the question of what happens after your're dead, basically you're eaten.
    -
    You have a good point with fear of being different/alone/ostracised. I've noticed people are afraid of just talking about this reality because what if people see them as weird or annoying or 'negative'. oh my favorite, getting called 'negative'. When in reality it's blatantly evil to ignore all the problems in our world over a fear of negativity.
    -
    anyways, good thoughts Jonny.

  6. tamarawilhite profile image92
    tamarawilhiteposted 23 months ago

    When we stop borrowing money to prop up politically connected businesses, the market won't collapse - but it will deflate.
    So you'll see a stock market fall like the housing market like Phoenix in 2009 but not collapse as has been seen in Detroit - falling by half in value but not "buy this mansion for a dollar".

 
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