Financial Crisis 10 Jun 2011 : Debt .

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