Financial Crisis 10 Jun 2011 : Debt
Andre Willers
10 Jun 2011
Synopsis :
Debt is a mass societal phenomenon . Small-scale interpersonal obligations are handled by a completely separate system , usually called "Favours" , or "You owe me one"
Discussion :
The system is driven by efficiencies .
I will discuss the end-state applicable to our present civilization .
Less than 10% of the workforce is needed to produce all the goods for the civilization .This means that 90% of the workforce cannot perform a function that enables them to have an income to afford the products of the productive 10% .
But they need these products to live . They can only then produce promises to pay .
Debt .
This sums up the state of the Planet Earth about Jun 2011 .
Globalization :
Production enabling an income to buy goods have been cleverly outsourced to the lowest-cost 10% of the world's population (China) . They are paid in monetary units subsidized by their own savings .
Regions like the USA now have little real income , but a large military presence .
You can see where this goes .
Any specialization produces debt . Run-up into the Singularity exacerbates debt .
Debt forgiveness
About the only way out for this half-baked lot .
This won't happen .
On Aug 2 , 2011 , the USA systems will lock up , and the system will go into meltdown as money dries up .
All for the best of possible motives , of course .
Andre
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