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Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.

 
Anonymous Coward
User ID: 24209338
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03/12/2024 12:47 PM
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Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Money is fake and how we are all controlled. The only real currency is work itself.

If all debt in the world was forgiven, all prices and interest rates lowered, all of these fake bubbles cancelled rather than allowed to pop....if food prices were cut in half, and wages increased so we could all afford a decent home and life.

Who would this affect negatively, apart from some billionaires who would lose some wealth, but still be billionaires?

Why is most of humanity kept miserable financially for most of their lives?
Anonymous Coward
User ID: 86351086
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03/12/2024 12:49 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
The rest of Candy Land would come true too.
Anonymous Coward
User ID: 86745262
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03/12/2024 12:51 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
buy things, because more dollars will be chasing fewer items.
Anonymous Coward (OP)
User ID: 24209338
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03/12/2024 12:51 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Is it truly just that the elite enjoy the power...that they enjoy the pain it causes...that they are terrified of losing their status somehow?

Really think about it. Why is the world the way it is?
Anonymous Coward (OP)
User ID: 24209338
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03/12/2024 12:56 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
buy things, because more dollars will be chasing fewer items.
 Quoting: Anonymous Coward 86745262


I get capitalism and inflation/deflation.

Point being, the elite and banks use interest rates and dent to control everything and everyone, to retain their power and build more and more wealth. They create laws and corrupt the system, and they print trillions in fiat....it is by no means fair or built to help most people.

Why not set the system up to actually help the world? What is stopping them from doing that?
Anonymous Coward
User ID: 82296197
United States
03/12/2024 12:58 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
price is a clearing mechanism. there is a price below which the seller won't sell. (that would also be a worker/employee).
there is a price above which the buyer won't buy. If no agreement is made, nothing gets done. The key there is agreement. Whatever two people agree upon is fair. Your post implies someone forcing things to be done. Force is the problem. Minimum wage is force. Cutting prices in half is force. As for debts, one side is someone owes money, it's a liability, the other side is owed money, it's an asset. You'd be wiping out lots of assets for a lot of people.
Interest rates are just the price of money, see the beginning.
Anonymous Coward
User ID: 86055313
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03/12/2024 12:59 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Everybody would be housed everybody would have food to eat
everybody would have money to spend on fun stuff
everybody would be happy except the elite
936432979

User ID: 76832232
United States
03/12/2024 01:00 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
We’d have to be living under a dictatorship for all that to happen.
Anonymous Coward
User ID: 86143041
United States
03/12/2024 01:01 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
A whole lot of people who charge fees to move fake paper around will be out of the job.
Anonymous Coward
User ID: 84641494
United States
03/12/2024 01:01 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Please just kill me
Anonymous Coward
User ID: 74921571
United States
03/12/2024 01:04 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Sounds like a Jubilee.
Anonymous Coward (OP)
User ID: 24209338
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03/12/2024 01:08 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
We’d have to be living under a dictatorship for all that to happen.
 Quoting: 936432979


I'm not saying end capitalism. Socialism and communism are horrible.

We don't have true capitalism. We have a capitalistic system that is set up in favor of the elite.

What I am asking is, why can't the elites restructure the system so that prices and wages are kept in line with each other so that most people aren't struggling and have decent lives? That isn't communism or socialism. It is simply a fair capitalistic system as far as interest rates and wages.

As far as destroying the wealth of those who make money holding debt.....the reason we are trillions in debt is due to the current system. When it collapses and pops, most everyone, including the debt holders, will be wiped out.
Anonymous Coward (OP)
User ID: 24209338
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03/12/2024 01:11 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Think about this...the main driver of stress, depression, suicide, mental health issues, etc, is financial problems. Struggling just to buy food for a family, constantly stressed about money, etc.

We don't need socialism, we don't need "stimulus checks", which worsen the problems.

We need a major overhaul of the banking and financial systems.
thewellhungarian

User ID: 73751371
United States
03/12/2024 01:12 PM

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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
I would rather try that than go to war. Why can’t we try that instead for once?
Anonymous Coward
User ID: 86398006
United States
03/12/2024 01:15 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
You mean price controls, like what happened in Venezuela? You must be one of those “communism only failed because they did it wrong” types of people.
Anonymous Coward
User ID: 86210391
United States
03/12/2024 01:16 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Think about this...the main driver of stress, depression, suicide, mental health issues, etc, is financial problems. Struggling just to buy food for a family, constantly stressed about money, etc.

We don't need socialism, we don't need "stimulus checks", which worsen the problems.

We need a major overhaul of the banking and financial systems.
 Quoting: Anonymous Coward 24209338


You’re going to have to put strict laws in place to keep people from hoarding assets out of greed or you’re going to have shortages and inflation.
Anonymous Coward
User ID: 86109818
Finland
03/12/2024 01:16 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Sounds like a Jubilee.
 Quoting: Anonymous Coward 74921571


Jubilee aint for you Goyaim. Now pay the interest.
Mental Case
User ID: 86942777
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03/12/2024 01:20 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Serious answer. If all debts were canceled, they would be no money...no medium of exchange.

There would be no food in the stores. No items of any kind in any store. Shipping and trucking & trains would halt. Electricity would be turned off...water would stop flowing out of your faucets.
Anonymous Coward (OP)
User ID: 24209338
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03/12/2024 01:20 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
You mean price controls, like what happened in Venezuela? You must be one of those “communism only failed because they did it wrong” types of people.
 Quoting: Anonymous Coward 86398006


The opposite of communism. Fair capitalism. A true free market.

What we have now is capitalistic elite controlled manipulation to enslave us, a cousin to communism and socialism.

It would take an extraordinary move from the elite. They would have to stop using the system to amass billions and billions, and choose to restructure the world system completely.

What is kind of funny is that the system we have now is being intentionally used to destroy America and the end result will be America becoming a 3rd world slum for 90% of the people here.
Anonymous Coward
User ID: 86830163
United States
03/12/2024 01:21 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
There would be an immediate jump in the consumption of drugs, alcohol, and whores. You know I am right.
Anonymous Coward (OP)
User ID: 24209338
United States
03/12/2024 01:21 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Think about this...the main driver of stress, depression, suicide, mental health issues, etc, is financial problems. Struggling just to buy food for a family, constantly stressed about money, etc.

We don't need socialism, we don't need "stimulus checks", which worsen the problems.

We need a major overhaul of the banking and financial systems.
 Quoting: Anonymous Coward 24209338


You’re going to have to put strict laws in place to keep people from hoarding assets out of greed or you’re going to have shortages and inflation.
 Quoting: Anonymous Coward 86210391


So the problem is human nature and greed? Now we are getting to the truth.
Anonymous Coward
User ID: 86210391
United States
03/12/2024 01:22 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
You mean price controls, like what happened in Venezuela? You must be one of those “communism only failed because they did it wrong” types of people.
 Quoting: Anonymous Coward 86398006


The opposite of communism. Fair capitalism. A true free market.

What we have now is capitalistic elite controlled manipulation to enslave us, a cousin to communism and socialism.

It would take an extraordinary move from the elite. They would have to stop using the system to amass billions and billions, and choose to restructure the world system completely.

What is kind of funny is that the system we have now is being intentionally used to destroy America and the end result will be America becoming a 3rd world slum for 90% of the people here.
 Quoting: Anonymous Coward 24209338


You’re another retard.
Anonymous Coward
User ID: 86210391
United States
03/12/2024 01:23 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
You mean price controls, like what happened in Venezuela? You must be one of those “communism only failed because they did it wrong” types of people.
 Quoting: Anonymous Coward 86398006


The opposite of communism. Fair capitalism. A true free market.

What we have now is capitalistic elite controlled manipulation to enslave us, a cousin to communism and socialism.

It would take an extraordinary move from the elite. They would have to stop using the system to amass billions and billions, and choose to restructure the world system completely.

What is kind of funny is that the system we have now is being intentionally used to destroy America and the end result will be America becoming a 3rd world slum for 90% of the people here.
 Quoting: Anonymous Coward 24209338


You’re another retard.
 Quoting: Anonymous Coward 86210391


Sorry, wrong thread. Disregard.
Anonymous Coward
User ID: 77950187
United States
03/12/2024 01:24 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
serious supply shortages
Anonymous Coward
User ID: 77950187
United States
03/12/2024 01:26 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
People don’t bend over in those fields for nothing
Anonymous Coward
User ID: 80997993
United States
03/12/2024 01:32 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Opie,, is another dumbfuck,,, that has no clue.. enjoy going through life being a retard.
Anonymous Coward
User ID: 85598316
United States
03/12/2024 01:40 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
air head
Anonymous Coward
User ID: 85992708
United States
03/12/2024 02:06 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Trump would be in office
Anonymous Coward
User ID: 84349199
United States
03/12/2024 02:11 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
The only thing that would happen is the cycle would start over again.
Anonymous Coward
User ID: 83962627
United States
03/12/2024 02:20 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
Everybody would be housed everybody would have food to eat
everybody would have money to spend on fun stuff
everybody would be happy except the elite
 Quoting: Anonymous Coward 86055313


Really. Can’t have people happy. Narcissists hate that.
Anonymous Coward
User ID: 86879516
United States
03/12/2024 02:39 PM
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Re: Serious question. What would happen if all debts were cancelled, prices and interest rates lowered....wages raised, food prices cut in half.
buy things, because more dollars will be chasing fewer items.
 Quoting: Anonymous Coward 86745262


I get capitalism and inflation/deflation.

Point being, the elite and banks use interest rates and dent to control everything and everyone, to retain their power and build more and more wealth. They create laws and corrupt the system, and they print trillions in fiat....it is by no means fair or built to help most people.

Why not set the system up to actually help the world? What is stopping them from doing that?
 Quoting: Anonymous Coward 24209338


.


.

Wait a minute….


No one, I repeat, NO ONE makes you use credit.

.
Must suck to not have the discipline to pay off cards every damn month.

.





GLP